Figure 14-3

question 16

Multiple Choice

Figure 14-3. Davis Company is considering the purchase of a new piece of equipment that will cost $1,600,000 and have a life of five years with no expected salvage value.The expected cash flows associated with the project are as follows:
Refer to Figure 14-3.What is the average annual income for this project?

• A)$900,000
• B)$1,500,000
• C)$600,000
• D)$700,000
• E)$300,000

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The principle that all individuals should have the same opportunities to achieve success and advancement, without discrimination based on race, gender, class, or other irrelevant factors.

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