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What is maximum price leffler should pay for equipment

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Leffler Company is considering purchasing equipment. The equipment will produce the following cash flows: Year 1, $38,000; Year 2, $40,000; and Year 3, $50,000. Leffler requires a minimum rate of return of 10%. What is the maximum price Leffler should pay for this equipment?

Reference no: EM13512504

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