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29 You have a fantastic idea to supplement your income by starting a lawn care...

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Accounting

29

You have a fantastic idea to supplement your income by starting a lawn care business in the summer. You are considering zero-turn mowers. Calculate the NPV for the alternative below with a MARR of 10%

Toro Time Cutter SS5000 50"

Price $4,000

Annual income $4,500

Annual Expenses $2,800

Equipment Life = 5 years with a salvage value of $1000

Show your discounted cash flow equation and calculate and answe

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