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The following data are accumulated by Lingle Company In evaluating the purchase of $160,300 of equlpment, having a 4-year useful life: Present Value of $1

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The following data are accumulated by Lingle Company In evaluating the purchase of $160,300 of equlpment, having a 4-year useful life: Present Value of $1 at compound Interest value. b. Would management be llkely to look with favor on the proposal? The net present value Indicates that the return on the proposal is than the minimum desired rate of return of 15%

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