Shields Company has gathered the following data on a proposed investment project: Investment required in...
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Accounting
Shields Company has gathered the following data on a proposed investment project: Investment required in equipment $420,000 Annual cash inflows $75,000 Salvage value $0 Life of the investment 8 years Discount rate 10% The net present value on this investment is closest to: $400,000. $(19,875) $80,000. $91,600
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