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A mechanical consulting company is examining its cash flow requirements for the next 6 years. The company expects to replace office machines and computer equipment at various times over the 6-year

 A mechanical consulting company is examining its cash flow requirements for the next 6 years. The company expects to replace office machines and computer equipment at various times over the 6-year planning period. Specifically, the company expects to spend $6000 two years from now, $9000 three years from now, and $5000 six years from now. What is the buying power (with respect to today’s dollars) of each expenditure in its re- spective year, if the inflation rate over the 6-year period is 4% per year?

May 11 2020 View more View Less

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