Marigold Corp. has several outdated computers that cost a total of $17800 and could be sold as scrap for $300O. They could be updated for an additional $1600 and sold. If Marigold updates the computers and sells them, net income will increase by $9000. At what price were the updated versions sold?

Marigold Corp. has several outdated computers that cost a total of $17800 and could be sold as scrap for $300O. They could be updated for an additional $1600 and sold. If Marigold updates the computers and sells them, net income will increase by $9000. At what price were the updated versions sold?

EBK CONTEMPORARY FINANCIAL MANAGEMENT

14th Edition

ISBN:9781337514835

Author:MOYER

Publisher:MOYER

Chapter14: Capital Structure Management In Practice

Section14.A: Breakeven Analysis

Problem 5P

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