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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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