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A company has provided the following data concerning a proposed project (Ignore income taxes.): Initial...

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Accounting

A company has provided the following data concerning a proposed project (Ignore income taxes.): Initial investment $ 10,000 Annual cost savings $ ? Salvage value $ 0 Life of the project 8 years Discount rate 14 % Net present value $ 1,300 Click here to view Exhibit 13B-1 and Exhibit 13B-2, to determine the appropriate discount factor(s) using the tables provided. The annual cost savings must be closest to: Multiple Choice $1,875 $4,024 $3,704 $2,436

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