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roblem 2 (Textbook Reference: P10-8) - Evaluate investment propos al using net present valu Jordan Company is considering purchasing new equipment costing $2,400,000. Jordan es equipment will be five years depreciation. The the tax rate is 4 and that management requires a minimum return of 14%. timates that the useful life of the and that it will have a salvage value of $600,000. The company uses straight-line new equipment is expected to have a net cash inflow (before taxes) of $258,000 annually. Assume that Required: Using the net present value method, determine whether the equipment is an acceptable investment. ***Template provided on next page***