The company, according to Anthony's Orchard Strategic Plan, is hoping to purchase an apple press in order to start a new line of prepared apple productsapple juice

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Review the Anthony's Orchard case study in the unit resources. Consider the following: The company, according to Anthony's Orchard Strategic Plan, is hoping to purchase an apple press in order to start a new line of prepared apple productsapple juice. The company estimates this new product offering will generate an additional 95,000 net income per year and estimated cash flows of 90,000 per year. The cost of the apple press will be 950,000 and this expenditure, as shown in the budgeted cash flow statement, is expected to take place in the fourth quarter of 2012. The apple press is expected to have a seven-year life and no salvage value. The company requires a 10% return on investment for new capital investments and the company uses a cost of capital of 8%. The company's revenue...

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