Distance, Co. is considering investing in a five-year project that will require purchasing ...

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Accounting

Distance, Co. is considering investing in a five-year project that will require purchasing
equipment that costs $700,000. The project expected annual cash inflows is expected to
be $160,000 per year. Salvage value of the equipment at the end of the five years is
expected to be $90,000. Assuming a discount rate of 6%, and using the present value
table provided, the projects net present value is closest to which of the following:

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