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Problem regarding the benefits of project

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Reference no: EM131434864

A project you are working on needs $40,000 for a machine. The benefits of this project are $9,000 the first year increasing by 5% each year through the 4 years and an unknown amount at the end of the 5th year. What does this amount at the end of the 5th year need to be for this project to earn a 20% return? Solve this using equations, not excel.

Reference no: EM131434864

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