Flinch am fine paints can buy new painting equipment for, Business Economics

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Flinch am fine paints can buy new painting equipment for

Flinch am Fine Paints can buy new painting equipment for $10,000. Its useful life is 5 years, after which it can be sold for $2000. Estimated annual costs are $1000, and it should save Flinch am $3000 per year. If Flincher's MARR is 6%, should the equipment be purchased? Use PW analysis.

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