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1. Metro Mall is considering acquiring a new vending machine. The required initial investment of $46,000 and the projected cash benefits over the investment's four

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1. Metro Mall is considering acquiring a new vending machine. The required initial investment of $46,000 and the projected cash benefits over the investment's four year life are as follows: Period (n) Net cash flow 0 1 2 -$46,000 $15,560 $17,360 $11,850 $14,400 3 Cory Stringfellow's Accounting Firm has been asked by the Metro Mall's owner to evaluate the acquisition using future worth analysis. Metro Mall's MARR is known to be 12%. Is the investment acceptable? (10pts)

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