Breakeven cash inflows The Sleek Ring Company, a leading producer of fine cast silver jewelry, is...

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Breakeven cash inflows The Sleek Ring Company, a leading producer of fine cast silver jewelry, is considering the purchase of new casting equipment that will allow it to expand its product line. The up-front cost of the equipment is $696,000. The company expects that the equipment will produce steady income throughout its 14-year life. a. If Sleek Ring requires a 10% return on its investment, what minimum yearly cash inflow will be necessary for the company to go forward with this project? b. How would the minimum yearly cash inflow change if the company required a 13% return on its investment? a. If Sleek Ring requires a 10% return on its investment, the minimum yearly cash inflow will be $ (Round to the nearest cent.) b. If the company required a 13% return on its investment, the minimum yearly cash inflow will be $ (Round to the nearest cent.) The required cash flow per year would to the nearest cent.) by $ (Select from the drop-down menu and round Breakeven cash inflows The Sleek Ring Company, a leading producer of fine cast silver jewelry, is considering the purchase of new casting equipment that will allow it to expand its product line. The up-front cost of the equipment is $696,000. The company expects that the equipment will produce steady income throughout its 14-year life. a. If Sleek Ring requires a 10% return on its investment, what minimum yearly cash inflow will be necessary for the company to go forward with this project? b. How would the minimum yearly cash inflow change if the company required a 13% return on its investment? a. If Sleek Ring requires a 10% return on its investment, the minimum yearly cash inflow will be $ (Round to the nearest cent.) b. If the company required a 13% return on its investment, the minimum yearly cash inflow will be $ (Round to the nearest cent.) The required cash flow per year would to the nearest cent.) by $ (Select from the drop-down menu and round