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The expexted annual income from a new facility that is under consideration is $120,000 and the anticipated annual operating expenditures are $60,000. The salvage value
The expexted annual income from a new facility that is under consideration is $120,000 and the anticipated annual operating expenditures are $60,000. The salvage value at the end of the expected life of 12 years will be 20 percent of the first cost. What first cost would be results in a rate of return of 15 percent?
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