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1. Given the following information andignoring taxes, what is the annual cash revenue that will make thenet present value equal to zero (i.e., the annual cash revenue thatwill cause us to break-even in the financialsense)? Annual cash costs = $14,000Life of project = 8 yearsInitial cost of project = $30,000Salvage value at end of project = $2,000Required rate of return = 15%
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