Transito Company is considering an investment, and has estimated the information below. ...
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Accounting
Transito Company is considering an investment, and has estimated the information below.
| Investment required now | $100,000 |
| Net present value | $16,000 |
| Annual cost savings | ? |
| Discount rate | 15% |
| Life of the project | 9 years |
Based on the data above, the annual cost savings (cash flow) would be closest to
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