Flexsteel industries manufactures furniture for the retail, contract, and recreational vehicie furniture markets. The company...
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Flexsteel industries manufactures furniture for the retail, contract, and recreational vehicie furniture markets. The company is considering the purchase of a new plece of equipment. The cost savings from the equipment would result in an annual increase in net cash flows of $169,650. The equipment will have an initial cost of $585,000 and have a 5 -year life. If the salvage value of the equipment is estimated to be $25,000, what is the annual net income? ignore income taxes. Mutiple Choice $57.650 $144,650 $281,650 $194,650
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