If the companys minimum attractive rate of return is 14 per, Financial Management

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If the companys minimum attractive rate of return is 14 per

Pittsburgh Custom Products (PCP) purchased a new machine for ram-cambering large I beams. PCP expects to bend 75 beams at $1,600 per beam in each of the first 3 years, after which it expects to bend 100 beams per year at $2,900 per beam through year 10. If the company’s minimum attractive rate of return is 14% per year, what is the present worth of the expected revenue?

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Financial Management: If the companys minimum attractive rate of return is 14 per

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