Assume that r = 0.06.A new machine that costs $7,000 has equal annual cash proceeds over its
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Assume that r = 0.06.A new machine that costs $7,000 has equal annual cash proceeds over its entire life and a payback period of 7.0 years.
What is the minimum number of full years of life it must have to be acceptable?
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An Introduction To Accounting And Managerial Finance A Merger Of Equals
ISBN: 9789814273824
1st Edition
Authors: Harold JR Bierman
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