Question: Question 4: (25 Marks) a) Lakeside Medical Centre is thinking of investing in a sophisticated new piece of medical equipment. It will generate $70,000.00 per

Question 4: (25 Marks) a) Lakeside Medical Centre
Question 4: (25 Marks) a) Lakeside Medical Centre is thinking of investing in a sophisticated new piece of medical equipment. It will generate $70,000.00 per year in receipts for 3 years. Determine the present value of this cash flow, assuming an interest rate of 6 per cent and an inflation rate of 4 percent

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