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Tilly's Travel Service has made an investment in certain equipment that cost the company $307,736. The equipment is expected to generate cash inflows of $52,000
Tilly's Travel Service has made an investment in certain equipment that cost the company $307,736. The equipment is expected to generate cash inflows of $52,000 each year. |
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Use your financial calculator or excel to determine how many years the equipment will have to be used in order to provide the company with a 13% return on its investment. |
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