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ABC can acquire a $700,000 machine now that will benefit the firm over the next 5 years. A newly hired staff assistant correctly computed the
ABC can acquire a $700,000 machine now that will benefit the firm over the next 5 years. A newly hired staff assistant correctly computed the net present value to be $134,020 by using a 10% hurdle rate. On the basis of this information, the machine was expected to produce annual cash operating savings of approximately:
Answer:$220,000. Please solve step-by-step.
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