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The Big Diggers Company can purchase equipment on sale for $4,300. The asset has a three-year life, will produce a cash flow of $1,200 in
The Big Diggers Company can purchase equipment on sale for $4,300. The asset has a three-year life, will produce a cash flow of $1,200 in the first year, $2,000 in the second year, and $3,000 in the third year. The required rate of return is 12%. What is the projects NPV?
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