Should racquets plus with a hurdle rate of 16 buy a 22036


Should Racquets Plus, with a hurdle rate of 16%, buy a $22,036 piece of equipment that will reduce annual labor costs by $6,730 and will last for 5 years with no salvage value? Why or why not?

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Financial Management: Should racquets plus with a hurdle rate of 16 buy a 22036
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