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2. Novak Inc. is consideringpurchasingequipmentostings36000with a 6-yearusefullife. The equipmentwill
provideannualcostsavingsof $12000andwill bedepreciatestraightline over its usefullife with no salvagevalue
Novakrequiresa 10% rateof return Present Value of an Annuity of 1 Period 8% 9% 10% 11% 12% 1…
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