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(30 Marks) Earthworks is an excavation company which started its operations in the year 2015. The
board of governors set the Minimum acceptable rate of return for the company at 16% after-tax. Due
to the nature of their work, Earthworks own equipment which are in CCA class 8 (CCA rate = 20%).
For the 5 years following its inception, Earthworks purchased 4 Machines, two of which they ended
up selling. The record of their transactions is as summarized below

30 Marks Earthworks Is An Excavation Company Which Started Its Operations In The Year 2015 Theboard Of Governors Set The Minimum Acceptable Rate Of Return For T class=

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