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Business, 06.07.2019 02:10 23ricorvan

Coyne corporation is evaluating a capital investment opportunity. this project would require an initial investment of $36,000 to purchase equipment. the equipment will have a residual value at the end of its life of $5,000. the useful life of the equipment is 4 years. the new project is expected to generate additional net cash inflows of $19,000 per year for each of the four years. coyne's required rate of return is 10%. the net present value of this project is closest to:

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