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EXERCISE 13 13 Uncertain Future Life LO3 Worldwide Travel Service has made an investment in certain equipment that cost the company $307100 The equipment is expected to generate cash inflows of

EXERCISE 13–13 Uncertain Future Life [LO3]

Worldwide Travel Service has made an investment in certain equipment that cost the company

$307,100. The equipment is expected to generate cash inflows of $50,000 each year.

Required:

How many years will the equipment have to be used in order to provide the company with a 14% return on its investment?

Jun 28 2020 View more View Less

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