What must the market resale value be at the end of 4 years


You can buy a machine for $100,000 that will produce a net income, after operating expenses, of $10,000 per year. If you plan to keep the machine for 4 years, what must the market (resale) value be at the end of 4 years to justify the investment? You must make a 15% annual return on your investment.

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Financial Management: What must the market resale value be at the end of 4 years
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