If an equipment costs 800,000 and lasts 7 years, what should be the minimum annual (equal) cash

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If an equipment costs 800,000 and lasts 7 years, what should be the minimum annual (equal) cash inflow before it's worthwhile to purchase the equipment? Assume that the cost of capital is 12%.

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Managerial Accounting

ISBN: 9780137689453

1st Edition

Authors: Jennifer Cainas, Celina J. Jozsi, Kelly Richmond Pope

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Posted Date: Feb 13, 2024 01:57 AM

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If an equipment costs 800,000 and lasts 7 years, what should be the minimum annual (equal) cash

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To determine the minimum annual cash inflow required to make the purchase of the equipment wo... View the full answer

Managerial Accounting

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