pls solve Garnet Enterprises is considering an investment in new equipment that...
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Garnet Enterprises is considering an investment in new equipment that would allow the company to offer new services to its clients. The equipment costs $1,650,000, has a useful life of 8 years, and has a salvage value of $270,000. If Garnet purchases the new equipment, it can sell its old equipment for $140,000. What annual net cash inflow must be generated by this investment in order to achieve a simple rate of return of 9% ? Round to the nearest whole dollar amount and do not enter a dollar sign or a lecimal point (e.g., enter 89, not $89.00 )
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