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The following data are available for a recent investment in equipment: Cost of $53,350 equipment Annual cash inflows $10,000 Internal rate of return 10% Given

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The following data are available for a recent investment in equipment: Cost of $53,350 equipment Annual cash inflows $10,000 Internal rate of return 10% Given this information, the life of the equipment must be: 6 5 years e 6 years 7 years 8 years None of the above

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