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The following data pertain to an investment proposal (Ignore income taxes.): Cost of the investment $ 58,000 Annual cost savings $ 16,000 Estimated salvage value
The following data pertain to an investment proposal (Ignore income taxes.):
| Cost of the investment | $ | 58,000 | |
| Annual cost savings | $ | 16,000 | |
| Estimated salvage value | $ | 8,000 | |
| Life of the project | 5 | years | |
| Discount rate | 11 | % | |
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Auditing Cases An Interactive Learning Approach
Authors: Mark S. Beasley, Frank A. Buckless, Steven M. Glover, Douglas F. Prawitt
5th edition
132567237, 978-0132998345, 132998343, 978-0132567237
