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The following information is available concerning the purchase of a new piece of equipment: Assume...

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Accounting

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The following information is available concerning the purchase of a new piece of equipment: Assume the following regarding this potential investment: 1) The working capital needed now will be released at the end of the 10 years for investment elsewhere. 2) If the new equipment is purchased, two repairs will be needed. One repair will occur at the end of the fifth year and is estimated to cost $17,000. The other repair will occur at the end of the eighth year and will cost $23,B. Calculate the net present value of the new piece of equipment. You will need to use the present value table factors posted in carmen to answer this question. To access these factors, click modules and then scroll to week 15. Click on the link labeled present value table factors. No credit will be given for this question using a means other than these posted table factors to answer this

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