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Problem 3-35 Txtbk: Engineering Economic Analysis 14th ed. Donald G. Newman 35 An...

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Accounting

Problem 3-35

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Txtbk: Engineering Economic Analysis 14th ed. Donald G. Newman

35 An R&D lab will receive $250,000 when a proposed contract is signed, a $200,000 progress payment at the end of Year 1, and $400,000 when the work is completed at the end of Year 2. What is the present worth of the contract at 15%

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