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Find the present value of an investment in plant and equipment if it is expected to provide annual earnings of £42,000 for 15 years and to have a resale value of £80,000 at the end of that period. Assume a 10% rate and earnings at year end. The present value of 1 at 10% for 15 periods is .23939. The present value of an ordinary annuity at 10% for 15 periods is 7.60608. The future value of 1 at 10% for 15 periods is 4.17725.
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