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Using Net Present Value, answer the following: Met Life Hospital is planning to buy an attachment for its X-ray machine, The cost of the attachment
Using Net Present Value, answer the following:
Met Life Hospital is planning to buy an attachment for its X-ray machine, The cost of the attachment is $4,550 and life of 4 years, Salvage value is zero, and an increase in cash inflows every year is $1,200. No investment is to be made unless having an annual of 10%. Will MetLife Hospital invest in the attachment?
Please show all work, factors, and how you came to your decision. Thank you so much!
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