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A company is considering investing in a new machine that requires a cash payment of $55, 948 today. The machine will generate annual cash flows

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A company is considering investing in a new machine that requires a cash payment of $55, 948 today. The machine will generate annual cash flows of $22, 497 for the next three years. Assume the company uses an 10% discount rate. Compute the net present value of this investment. (FV of $1, PV of $1. FVA of $1 and PVA of $1)

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