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Byron Corporation is considering the purchase of a new plece of equipment. The cost savings...

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Byron Corporation is considering the purchase of a new plece of equipment. The cost savings from the equipment would result in an annual increase in het cash flow of $130,000. The equipment will have an initial cost of $475,000, a 5 -year useful life, and an estimated salvage value of $84,000. If the company's cost of copital is 11%, what is the appraximate net present value? (Future Value of $1, Present Vatue of $1, Future Value Annuity of $1. Bresent Valye Annulty of 511 Notet Use the appropriate factors from the PV tables. Mulipie Choice 5.5.4577 $214,000 $130000 355,321

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