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What is the yearly revenue

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You plan to buy a farm for $3,000,000 initial investment. Also you need to buy equipment for $47,000 now and need to renew every 7 years with the same price. If the yearly operating cost of the farm is $18,000 what is the yearly revenue that is needed to make the farm viable investment at MARR=3%?

Reference no: EM132627227

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