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A company is considering buying a machine that would give profits of $7000 per month for 10 years. The cost of the machine is $35,000.

A company is considering buying a machine that would give profits of $7000 per month for 10 years. The cost of the machine is $35,000. The company weighted average cost of capital is a 12% APR compounded monthly. What is the net present value of buying the machine??

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