Question: Annelle Coiner is developing a capital investment analysis for her supervisor. The proposed capital investment has an estimated residual value of $5,500 at the end

Annelle Coiner is developing a capital investment analysis for her supervisor. The proposed capital investment has an estimated residual value of $5,500 at the end of its five-year life. The company uses an 8 percent minimum rate of return. What is the present value of the residual value? Use Table 1 in the appendix on present value tables.

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