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Ten years ago, an investor purchased a project for $255,000 He anticipated a salvage value of $70,000 after 10 years. During this time, his average
Ten years ago, an investor purchased a project for $255,000 He anticipated a salvage value of $70,000 after 10 years. During this time, his average annual revenue totaled $52,000, (a) Did he recover his investment and a 12% per year return? Assume the annual M&O cost was $10,000 the first year and increased by a constant $1000 per year. The recovery cost is closest to: 41241 AO 42141.3 41141.CO 40141.00
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