Made an investment in certain equipment

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Reference no: EM131212856

Tilly's Travel Service has made an investment in certain equipment that cost the company $323,895. The equipment is expected to generate cash inflows of $55,000 each year.

Required:

Use your financial calculator or excel to determine how many years the equipment will have to be used in order to provide the company with a 11% return on its investment.

Reference no: EM131212856

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