You are considering purchasing a machine that is expected to produce the following cash flows: $60,000 in
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You are considering purchasing a machine that is expected to produce the following cash flows: $60,000 in year 1, $77,000 in year 2, $65,000 in year 3, $57,000 in year 4, and $45,000 in year 5. If your interest rate is 14%, what would be your maximum offer (purchase price) on this machine?
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P 60000 77000 ...View the full answer
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