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Determine the amount of the initial investment

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Question - Monty Co. purchased some equipment 3 years ago. The company's required rate of return is 12%, and the net present value of the project was $(1200). Annual cost savings were: $15000 for year 1; 13000 for year 2; and $11000 for year 3. Determine the amount of the initial investment?

Reference no: EM133031042

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