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TIME VALUE OF MONEY Your company has the option to invest in a new system worth $240,000 and estimated to provide the savings shown in

TIME VALUE OF MONEY

Your company has the option to invest in a new system worth $240,000 and

estimated to provide the savings shown in the following table over the life of 5 years.

Year to Estimated Savings

1 $42,000

2 50,000

3 62,000

4 48,000

5 40,000

Question:

Should the company make this investment if the minimum annual return is 12% for

all those investments?

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