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Determine the new condenser should be purchased

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Question 1: An investment of $20, 000 for a new condenser is being considered. The estimated salvage value of the condenser is $5, 000 at the end of an estimated life of 6 years. The annual income for each of the 6 years is $8, 500 with annual operating expenses of $2, 300. Assuming the cost of capital is 15% compounded annually, determine the following measures of profitability (by hand and verify with Excel): and determine whether or not (based on each measure independently) whether the new condenser should be purchased.

Reference no: EM132546060

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