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SheffieldCo. purchased some equipment 3 years ago. The company's required rate of return is12%, and the net present value of the project was $(1200). Annual
SheffieldCo. purchased some equipment 3 years ago. The company's required rate of return is12%, and the net present value of the project was $(1200). Annual cost savings were: $12000for year 1;10000for year 2; and $8000for year 3. The amount of the initial investment was
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