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13. A company is considering the purchase of new equipment for $42,000. The projected annual cash inflow is $18,000. The machine has a useful life

13. A company is considering the purchase of new equipment for $42,000. The projected annual cash inflow is $18,000. The machine has a useful life of 3 years and no salvage value. Management of the company requires a 12% return on investment. What is the net present value of this machine assuming all cash flows occur at year-end? Answer: BHOOL image text in transcribed

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