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A company determines that the maximum they should pay for a new machine is $ 4 6 , 6 7 9 . The company estimates

A company determines that the maximum they should pay for a new machine is $46,679. The company estimates the machine will produce a net cash flow of $8,000 per year and will last for 7 years. The interest rate that is acceptable to the company is 5%. At the end of 7 years the company estimates it will be able to sell the machine for what amount?
Group of answer choices
$980
$391
$1,186
$68
$550

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