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Corp8 manufactures office copiers and printers. Its best seller is a machine that costs $5,000...

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Accounting

Corp8 manufactures office copiers and printers. Its best seller is a machine that costs $5,000 to build and can be sold for $7,500. The company has made the machine available for commercial lease under a standard two-year agreement calling for beginning-of-the year payments reflecting the companys desired rate of return of 8%. What is the amount of the rental payment the company requires?

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