The management of Penfold Corporation is considering the purchase of a machine that cost $ 270,000 would
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Question:
The management of Penfold Corporation is considering the purchase of a machine that cost $ 270,000 would last for 5 year, and would have no salvage value. The machine would reduce labor and other costs by $60,000 per year. The company requires a minimum pre tax of 12% on all investment projects.
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