Lindas Luxury Travel (LLT) is considering the purchase of two Hummer limousines. Various information about...
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Lindas Luxury Travel (LLT) is considering the purchase of two Hummer limousines. Various information about the proposed investment follows:
| Initial investment (2 limos) | $ | 1,800,000 | |
Useful life | 10 | years | |
| Salvage value | $ | 140,000 | |
| Annual net income generated | 180,000 | ||
| LLTs cost of capital | 15 | % |
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