What is the cost of the equipment

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Reference no: EM131188974

The internal rate of return from an investment in new equipment is expected to be 8.5% p.a. If the returns are expected to be $45811 at the end of the first year, -$2568 at the end of the second year and $68825 at the end of the third year, what is the cost of the equipment?

(Give your answer as a positive value to the nearest cent, omitting the dollar sign.)

Reference no: EM131188974

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