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The Corvette Corporation has a computer system that is in poor condition. The system can be elther overhauled or replaced with a new system. The

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The Corvette Corporation has a computer system that is in poor condition. The system can be elther overhauled or replaced with a new system. The following data have been gathered conceming these two alternatives: The Corvette Corporation uses a 12% discount rate and the total cost approach to net present value analysis. Both alternatives are expected to have a useful life of eight years. The net present value of the alternative of overhauling the present system is closest to: ($108,000)($228,232)($238,232)($232,272)

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