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Spanish Peaks Railroad Inc. is considering acquiring equipment at a cost of $ 3 3 5 , 0 0 0 . The equipment has an

Spanish Peaks Railroad Inc. is considering acquiring equipment at a cost of $335,000. The equipment has an estimated life of 10 years and no residual value. It is expected to provide yearly net cash flows of $67,000. The company's minimum desired rate of return for net present value anals is 15%.
Present Value of an Annuity of $1 at Compound Interest
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