A piece of new equipment will cost $70,000. The equipment will provide a cost savings...
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Accounting
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. Using a discount rate of 14%, the equipment's net present value is: A. $8,240 B. $(8,240) C. $15,000 D. $23,888
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