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Lindas Luxury Travel (LLT) is considering the purchase of two Hummer limousines. Various information about...

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Accounting

Lindas Luxury Travel (LLT) is considering the purchase of two Hummer limousines. Various information about the proposed investment follows:

Initial investment (2 limos) $ 1,800,000
Useful lifeimage 10 years
Salvage value $ 140,000
Annual net income generated 180,000
LLTs cost of capital 15 %

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