E21-24 (similar to) question city hospital city hospital, a taxpaying entity, estimates that it can save $ 30 comma 000$30,000 a year in cash operating costs for the next 1010 years if it buys a special-purpose eye-testing machine at a cost of $ 135 comma 000$135,000. no terminal disposal value is expected. city hospital's city hospitals required rate of return is 1212%. assume all cash flows occur at year-end except for initial investment amounts. city hospitalcity hospital uses straight-line depreciation. the income tax rate is 34 %34% for all transactions that affect income taxes

net worth is the difference between what you own and what you have. if you exceed your liabilities you have a positive net worth. if your liabilities are greater than your assets you have a negative net worth. its a snapshot of your financial situation. if you calculate your net worth you will see the end result of everything you've earned and spent as of now. net worth statements and all you asked of can you determine where you are, how to get where you want to be, if your spending   to much. honestly it can tell you a lot of things. i can go on, but you can paint the picture from here.

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