An aerospace company is evaluating the cost of purchasing new manufacturing equipment. The equipment is expected...
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An aerospace company is evaluating the cost of purchasing new manufacturing equipment. The equipment is expected to generate uniform annual savings of $99 thousand over the next 8 years. Assuming an interest rate of 7% per annum, calculate the present value of this series of cash flows. (Provide your answer rounded to the nearest dollar). An aerospace company is evaluating the cost of purchasing new manufacturing equipment. The equipment is expected to generate uniform annual savings of $99 thousand over the next 8 years. Assuming an interest rate of 7% per annum, calculate the present value of this series of cash flows. (Provide your answer rounded to the nearest dollar).
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