Expected future earnings and asset values Read No Evil (RNE) is a firm specializ

Question

Expected future earnings and asset values Read No Evil (RNE) is a firm specializing in the destruction of sensitive documents. An industrial paper shredder costs $9,000. If bought, it would raise RNE's net income by an additional $1,350 per year. The machine is designed to last forever and never require maintenance. If the firm does not purchase the machine, it will put the money into an interest-bearing bank account. At which interest rates would RNE be willing to buy the machine? Check all that apply.

Explanation / Answer

answer: 16%

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