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4. Management is considering the investment of updating the machine (an investment of $9,000 ) that would return net cash inflows of $5,090, $4,500 and

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4. Management is considering the investment of updating the machine (an investment of $9,000 ) that would return net cash inflows of $5,090, $4,500 and $4,000 at the end of years 1, 2 and 3. Assuming that the required rate of return is 15% should the equipment be replaced

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