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3- Kathy Orthopedics Group is evaluating a new machine. The machine requires an initial investment of $24,000 and will generate after-tax cash inflows of $5,000

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3- Kathy Orthopedics Group is evaluating a new machine. The machine requires an initial investment of $24,000 and will generate after-tax cash inflows of $5,000 per year for 8 years. For each of the cost of capital listed below: (1) Cost of capital is 10% (2) Cost of capital is 12% (3) Cost of capital is 14% 1. Calculate the NPV 2. Indicate whether to accept or reject the machine

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