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Stephani Anthony is a divisional manager for Bradlen Company. Her annual pay raises are largely determined by her division's return on investment ( ROI )

Stephani Anthony is a divisional manager for Bradlen Company. Her annual pay raises are largely determined by her division's return on investment (ROI), which has been above 18% each of the last three years. Stephani is considering a capital budgeting project that would require a $6,000,000 investment in equipment with a useful life of four years and no salvage value. Bradlen Company's discount rate is 12%. The project would provide net operating income each year for five years as follows:
\table[[Sales,,$6,500,000
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