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Welch Corporation is planning an investment with the following characteristics (Ignore income taxes.): 5 years Useful life Yearly net cash inflow Salvage value Internal rate

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Welch Corporation is planning an investment with the following characteristics (Ignore income taxes.): 5 years Useful life Yearly net cash inflow Salvage value Internal rate of return Required rate of return $50,000 $ 0 15% 11% Click here to view Exhibit 7B-1 and Exhibit 7B-2, to determine the appropriate discount factor(s) using the tables provided. The initial cost of the equipment is closest to: Multiple Choice $200,100 $167,600 $177,950 Cannot be determined from the given information

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