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Martell Products Inc. can purchase a new copier that will save $4,000 per...

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Accounting

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Martell Products Inc. can purchase a new copier that will save $4,000 per year in copying costs. The copier will last for twelve years and have no salvage value. Required: 1-a.What is the maximum purchase price that Martell Products should be willing to pay for the copier if the company's required rate of return is eight percent? (Round final answer to the nearest dollar amount.) Present value 1-b.What is the maximum purchase price that Martell Products should be willing to pay for the copier if the company's required rate of return is twelve percent? (Round final answer to the nearest dollar amount.) Present value

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