Gmdy Corporation is considering the purchase of a new piece of equipment. The equipment costs...
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Gmdy Corporation is considering the purchase of a new piece of equipment. The equipment costs $50,900 and will tinve a saivage value of $5,040 after 7 years. Using the new plece of equipment wil increase Grady's annual net cash flows by $6.010, Gradys cost Nota: Une appropiate factoritrom the PV tabies. Required: b. What is the present value of the savage value? c. What is the det present valive of the equipment purchase? d. Based on finaricial factors, should Grady purchase the equiph ient? Cormplete this question by entering your answers in the tabs below. What is the present value of the increase in annual cash flows? Note: Round your ansiver to the nearest whole dollan
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