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MCS,PHD
Argosy University/ Phoniex University/
Nov-2005 - Oct-2011
Professor
Phoniex University
Oct-2001 - Nov-2016
EXERCISE 13–10 Uncertain Future Life [LO3]
Willert Excavating Services has invested in certain equipment that cost the company $247,760. The equipment is expected to generate cash inflows of $40,000 each year.
Required:
How many years will the equipment have to be used in order to provide the company with a 12% return on its investment?
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