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A machine costs $30,000; it is expected to generate annual cash revenues of $12,000 and annual cash expenses of $5,000 for 5 years. The required

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A machine costs $30,000; it is expected to generate annual cash revenues of $12,000 and annual cash expenses of $5,000 for 5 years. The required rate of return is 16%. The net present value of this machine would be closest to (Round PV factors to 3 decimal places.):

$39,288.

$0.

$(7,082).

$(9,288).

$22,918.

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