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Your company is evaluating whether to purchase an equipment or not. The initial cost is $45,368. According to your estimate, the equipment can have annual

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Your company is evaluating whether to purchase an equipment or not. The initial cost is $45,368. According to your estimate, the equipment can have annual sai igs of $6,241 with 0.4 possibility or have annual savings of $5,949. The useful life of the equipment is 10 years, and with equal chance to have a salvage value of $19,555 or $16,475. Given MARR =6%, what is the expected NPV of the equipment? (10 points)

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