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Store XYZ purchased a piece of equipment with the following expected results: Useful Life = 10 years Yearly Net Cash Inflow = $70,000 Salvage Value
Store XYZ purchased a piece of equipment with the following expected results:
Useful Life = 10 years
Yearly Net Cash Inflow = $70,000
Salvage Value = $0
Internal Rate of Return = 14%
What was the initial cost of the equipment?
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