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Zoey Company is considering purchasing new equipment that costs $722,000. Its management estimates that the equipment will generate cash inflows as follows: The company's required
Zoey Company is considering purchasing new equipment that costs $722,000. Its management estimates that the equipment will generate cash inflows as follows: The company's required rate of return is 10%. Using the factors in the table below, calculate the present value of the cash inflows. (Round all calculations to the nearest whole dollar.) Present value of $1 : A. $804,514 B. $793,087 C. $822,542 D. $789,043
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