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The following data are accumulated by Geddes Company in evaluating the purchase of $120,600 of equipment, having a four-year useful life: a. Assuming that the
The following data are accumulated by Geddes Company in evaluating the purchase of $120,600 of equipment, having a four-year useful life: a. Assuming that the desired rate of return is 12%, determine the net present value for the proposal. Use the table of the present value of $1 presented above. If required, round to the nearest dollar
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