Net present value: Kingston, Inc., management is considering purchasing a new machine at a cost of $4,133,250.

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Net present value: Kingston, Inc., management is considering purchasing a new machine at a cost of $4,133,250. It expects this equipment to produce cash flows of $814,322, $863,275, $937,250,

$1,017,112, $1,212,960, and $1,225,000 over the next six years. If the appropriate discount rate is 15 percent, what is the NPV of this investment?

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Fundamentals Of Corporate Finance

ISBN: 9781119795438

5th Edition

Authors: Robert Parrino, David S. Kidwell, Thomas W. Bates

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