Saget Company is considering the purchase of equipment that would cost $35,000 and offer annual cash inflows
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Question:
Saget Company is considering the purchase of equipment that would cost $35,000 and offer annual cash inflows of $10,500 over its useful life of 5 years. Assuming a required rate of return of 8%, what is the net present value of this investment opportunity?
Multiple Choice
A. $(6,923)
B. $17,500
C. $6,923
D. $41,923
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