Modine Enterprises earns 11% on an investment that pays back $120,000 at the end of each of

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Modine Enterprises earns 11% on an investment that pays back $120,000 at the end of each of the next 4 years. What is the amount Modine Enterprises invested to earn the 11% rate of return?

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Financial Accounting

ISBN: 978-0470507018

7th Edition

Authors: Jerry J. Weygandt, Paul D. Kimmel, Donald E. Kieso

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Question Posted: May 22, 2012 01:16 AM

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Modine Enterprises earns 11% on an investment that pays back $120,000 at the end of each of

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Discount rate from Table 4 is 310245 Present value of 4 payments ...View the full answer

Financial Accounting

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