The proposal is for a piece of equipment aimed at


The proposal is for a piece of equipment aimed at automating a process costing $225,000. The equipment has an expected useful life of 10 years and a set salvage value of $50,000. Annual receipts of $53,000 are expected, annual overhead cost will be $17,000/year. What is the present worth if MARR is 11%?

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Financial Management: The proposal is for a piece of equipment aimed at
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