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You are looking in to an investment that has the following cash flows. Initial cost equal to $-10,000, Net income per year of $1,800, and

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You are looking in to an investment that has the following cash flows. Initial cost equal to $-10,000, Net income per year of $1,800, and a proposed salvage value of $2,000. The life of the investment is 10 years. These cash flows do not provide an adequate return on the investment. If the investor uses a MARR of 15% to evaluate his investments, what would the salvage value need to be? a-) $3909 b-) $4020 C-) $2850 d-) $3345 e-) 2100

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