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An asset was purchased 5years ago at a price of $52,000. It wasexpected to have an...

An asset was purchased 5years ago at a price of $52,000. It wasexpected to have an economic life of8years, at which time its salvage value would be $4000. If the function the asset was serving is no longerneeded, what price must it be sold for now to recover the invested capital when i=12%?

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