Welch Corporation is planning an investment with the following characteristics (Ignore income taxes.) : 
Click here to view Exhibit 14B-1 and Exhibit 14B-2, to determine the appropriate discount factor(s) using the tables provided.The initial cost of the equipment is closest to:
A) $300,100
B) $221,100
C) $231,450
D) Cannot be determined from the given information.
Correct Answer:
Verified
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