(Ignore income taxes in this problem.) Baber Corporation is planning an investment with the following...
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(Ignore income taxes in this problem.) Baber Corporation is planning an investment with the following characteristics: Useful life 7 years Yearly net cash inflow $ 60,000 Salvage value $ 0 Internal rate of return 14 % Discount rate 10 % Click here to view Exhibit 8B-2 to determine the appropriate discount factor(s) using tables. The initial cost of the equipment is closest to:
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