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Your company is considering a project which requires an initial investment of $50,000. The equipment has a useful life of eight years and you believe

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Your company is considering a project which requires an initial investment of $50,000. The equipment has a useful life of eight years and you believe the salvage value will be $11000. The project will generate $9000 net income each year for eight years. There will be a single maintenance expense of $1000 in the fifth year. Using the present worth method, determine if the project is economically satisfactory. The MARR is 10%

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