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A new piece of equipment at Dalton Manufacturing is $40000 in current $.The company has...

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Finance

A new piece of equipment at Dalton Manufacturing is $40000 in current $.The company has no plans to raise its price over the next 3 years. The overall inflation rate for next 3 years is 3%,2%,4% respectively.What will be the cost of equipment in today's dollar(real) three years from now?

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