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A company can buy a machine that is expected to have a three - year life and a $ 3 3 , 0 0 0
A company can buy a machine that is expected to have a threeyear life and a $ salvage value. The machine will cost $ and is expected to produce a $ annual income to be received at the end of each year. Annual depreciation expense is $ per year. If a table of present values of $ at shows values of for one year, for two years, and for three years, what is the net present value of the cash flows from the investment, discounted at
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