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Business, 29.04.2021 20:40 gagem1278

A company is considering the purchase of new equipment for $84,000. The projected annual net cash flows are $33,300. The machine has a useful life of 3 years and no salvage value. Management of the company requires a 9% return on investment. The present value of an annuity of $1 for various periods follows: PeriodPresent value of an annuity of $1 at 9.917421.759132.5313 What is the net present value of this machine assuming all cash flows occur at year-end

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