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Chapters 11, 13, & 14 M Connect c Search Toto Saved Help Save & Ext...

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Accounting

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Chapters 11, 13, & 14 M Connect c Search Toto Saved Help Save & Ext Subm Croce, Incorporated, is investigating an investment in equipment that would have a useful life of 8 years. The company uses a discount rate of 11% in its capital budgeting. The net present value of the investment, excluding the salvage value, is -$579.106. Ognore income taxes.) Click here to view Exhiblt 148-1 and Exhibit:14B-2. to determine the appropriate discount factors) using the tables provided How large would the salvage value of the equipment have to be to make the investment in the equipment financially attractive? (Round your intermediate calculations and final answer to the nearest whole dollar amount.) Multiple Choice $579,106 $63,702 $5.264,600 Multiple Choice 5:13 $579,106 $63,702 O $5,264,600 $1,334,346

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