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Swifty Corporation is considering the replacement of a piece of equipment with a newer model. The following data has been collected: If the old equipment

image text in transcribed Swifty Corporation is considering the replacement of a piece of equipment with a newer model. The following data has been collected: If the old equipment is replaced now, it can be sold for $70000. Both the old equipment's remaining useful life and the new equipment's useful life is 5 years. What is the cost of the new equipment? eTextbook and Media

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