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Luther Corporation has collected the following data on a new investment project: Investment in equipment...

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Accounting

Luther Corporation has collected the following data on a new investment project: Investment in equipment $150,000, Annual cash flows $40,000, Salvage value of equipment $0, Life of the equipment 10 years, Required rate of return 10%, The company uses straight-line depreciation on all equipment. The net present value is 2 points $57,831 $95,800 $40,000 $3,625

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