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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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