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A company is planning to buy a new machine for $995190. The hurdle rate is 14.83%. The economic life of the machine is 10 years,
A company is planning to buy a new machine for $995190. The hurdle rate is 14.83%. The economic life of the machine is 10 years, with no salvage value at the end of its life. What are the minimum annual cash flows that would make the project profitable?
Select one:
a. $197010
b. $99519
c. $67107
d. $131518
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