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Marrin Corporation makes three products that use the current constraint-a particular type of machine....

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Accounting

Marrin Corporation makes three products that use the current constraint-a particular type of machine. Data concerning those products appear below:

43. (Ignore income taxes in this problem.) A piece of new equipment will cost $70,000. The equipment will provide a cost savings of $15,000 per year for ten years, after which it will have a $3,000 salvage value. If the required rate of return is 14%, the equipment's net present value is: A. $8,240 B. $(8,240) C. $23,888 D. $9,050

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