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Seattle Hospital, a nonprofit organization, estimates that it can save $30,000 a year in cash operating costs for the next 9 years if it

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Seattle Hospital, a nonprofit organization, estimates that it can save $30,000 a year in cash operating costs for the next 9 years if it buys a special-purpose eye- testing machine at a cost of $150,000. No terminal disposal value is expected. Seattle Hospital's required rate of return is 10%. Assume all cash flows occur at year-end except for initial investment amounts. Seattle Hospital uses straight-line depreciation. Present Value of $1 table Present Value of Annuity of $1 table Future Value of $1 table Future Value of Annuity of $1 table Read the requirements.

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