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Kerwin Company is considering purchase of equipment that costs $50,000. If the useful life is...

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Accounting

Kerwin Company is considering purchase of equipment that costs $50,000. If the useful life is expected to be 5 years and Crown's required rate of return is 12%, what is the minimum annual cash inflow that the equipment must offer for the investment to be acceptable? (Do not round your PV factors and intermediate calculations. Round your final answer to the nearest dollar.)

$13,870

$12,076

$8,929

$17,623

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