Question: Show your work please. Question 21 (1 point) A company is considering whether to buy an item of equipment for $20,000. The project would also

Show your work please.

Show your work please. Question 21 (1 point) A company is considering

Question 21 (1 point) A company is considering whether to buy an item of equipment for $20,000. The project would also require another initial investment of $8,000 to install it. The equipment will have a resale value after its useful life of 4 years. The cash profits for the project would be Year 1 $15,000 Year 2 $20,000 Year 3 $12,000 Year 4 $7,000 The discount rate is 10% $19,377 $27,377 $15,962 $12,547

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