Paccione Paving is considering purchasing a unique piece of
equipment for a road construction project that will last five
years. At the end of the five-year project, Paccione will no longer
need the equipment. The equipment will cost $1,225,000, will be
depreciated straight-line over seven years, and will be sold for
$415,000 at the end of the project. The project will generate
additional revenues of $750,000 with annual expenses of $165,000.
The project will require an initial investment in net...