The equipment will produce the following cash flows year 1


Ramos Company is considering purchasing equipment. The equipment will produce the following cash flows: Year 1, $30,000; Year 2, $40,000; Year 3, $50,000. Ramos requires a minimum rate of return of 12%. What is the maximum price Ramos should pay for this equipment?

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Finance Basics: The equipment will produce the following cash flows year 1
Reference No:- TGS01158857

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