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Gerty Manufacturing Company has an opportunity to purchase some technologically advanced equipment that will reduce...

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Accounting

Gerty Manufacturing Company has an opportunity to purchase some technologically advanced equipment that will reduce the companys cash outflow for operating expenses by $640,000 per year. The cost of the equipment is $3,932,522.88. Gerty expects it to have a 10-year useful life and a zero salvage value. The company has established an investment opportunity hurdle rate of 9 percent and uses the straight-line method for depreciation. (PV of $1 and PVA of $1) (Use appropriate factor(s) from the tables provided

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