Refer to Exhibit 14-1. Assume that NOK8,000,000 of the cash flow in year 4 represents the salvage value. Baps is not completely certain that the salvage value will be this amount and wishes to determine the break-even salvage value, which is $____.

a. 510,088.04
b. 1,710,088
c. 1,040,000
d. none of the above

d. none of the above

Business

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