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Jack Craig office equipment is considering producing a new chair. They estimate the cost of...

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Finance

Jack Craig office equipment is considering producing a new chair. They estimate the cost of producing the chair to be $161,000 immediately and $564,000 in 3 years. After that they estimate revenue of $460,000 each year until the end of year 6. Find the NPV of the project if their cost of capital is 12.60%

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