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Assignment Help - homework help

Determine gross investment for particular period

Hey friends please give your view for the problem of investment in Economic that is given below:

If a firm buys $50 million worth of new machinery to replace worn out equipment that originally cost $3 million, gross investment for this period would be: (a) $47 million. (b) $50 million. (c) $53 million. (d) $3 million less than net investment.

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