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You are looking into an investment that has the following cash flows: initial cost equal to $26,700, yearly income of $4,968, yearly cost of $900

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You are looking into an investment that has the following cash flows: initial cost equal to $26,700, yearly income of $4,968, yearly cost of $900 and a proposed salvage value of $1,000. The life of the investment is 16 years. These cash flows do not provide an adequate return on the investment. If the investor uses a MARR of 14% to evaluate his investments, what would the minimum salvage value need to be for this investment to provide a sufficient return

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