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8 . 3 . 2 8 You are considering purchasing a machine that is expected to produce the following cash flows:$ 6 0 , 0

8.3.28 You are considering purchasing a machine that is expected to produce the following cash flows:$60,000 in year 1, $77,000 in year 2, $65,000 in year 3, $57,000 in year 4, and $45,000 in year 5. If your interest rate is 14%, what would be your maximum offer (purchase price) on this machine? FIND THE NPV AT 14%.

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