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The Square Package Group is thinking of buying, at a cost of $220,000, some new packaging equipment that is expected to save $50,000 in costs

The Square Package Group is thinking of buying, at a cost of $220,000, some new packaging equipment that is expected to save $50,000 in costs per year. Its estimated useful life is 10 years and it will have zero disposal value. The required rate of return is 16%. Ignore income tax issues. REQUIRED: Compute the following: a) Net present value

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