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  3. use the following to answer questions a and b: (ig

Use the following to answer questions A and B: (Ignore income taxes in this problem.)...

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Accounting

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Use the following to answer questions A and B: (Ignore income taxes in this problem.) Tumer Company has gathered the following data on a proposed investment project: $225,000 $40,000 Investment in depreciable equipment........... Annual cash flows............... Salvage value of equipment...................... Life of the equipment........... Required rate of return... 15 years 8% The company uses straight-line depreciation on all equipment. A. The net present value of this investment is: B. The internal rate of return on the investment is closest to: Page 1

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