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A company is considering investing in a new machine that requires an initial investment of $41,597. The machine will generate annual net cash flows of
A company is considering investing in a new machine that requires an initial investment of $41,597. The machine will generate annual net cash flows of $17,319 for the next three years. The company uses an 8% discount rate. Compute the net present value of this investment
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\begin{tabular}{|l|l|l|l|l|} \hline & NetCashFlows & x & PV Factor & =PresentValueofNetCashFlows \\ \hline Years 1-3 & & & = & $20 \\ \hline Net present value & & = \\ \hline \end{tabular}Step by Step Solution
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