What is the maximum purchase price


Bright Ideas Corporation can purchase a new laser copier that will save $5,000 per year in copying costs compared to its current copier. The copier will last for 6 years and have no salvage value. What is the maximum purchase price that Bright Ideas Corp. would be willing to pay for the copier if the company's required rate of return is 10% ?

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Accounting Basics: What is the maximum purchase price
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