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  3. 8. a piece of new equipment will cost $70,000. the

8. A piece of new equipment will cost $70,000. The equipment will provide a cost...

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Accounting

8. A piece of new equipment will cost $70,000. The equipment will provide a cost savings of $15,000 per year for ten years, after which it will have a $3,000 salvage value. If the required rate of return is 14%, the equipment's net present value is: A) $8,240. B) $(8,240). C) $23,888. D) $9,050.

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