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What would the formula in EXCEL be? Challenge Question The Kent Company is considering buying an additional new processor for its production operation. The price

image text in transcribedWhat would the formula in EXCEL be?

Challenge Question The Kent Company is considering buying an additional new processor for its production operation. The price of the processor is $850,000 and it has a life expectancy of 5 years. The company has estimated that it will generate a net cash inflow each year of $210,000. The machine has no salvage value. If Kent company uses a cost of capital of 8% for making acquisition decisions (i.e., the return on the investment needs to equal or exceed 8%) should Kent buy the processor

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