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ABC Company estimated that it can generate $ 4 2 , 0 0 0 per year in additional cash inflows for the next five years

ABC Company estimated that it can generate $42,000 per year in additional cash inflows for the next five years if it automates some of its production equipment at an investment cost of $150,000. ABC\'s discount rate is 10 percent. Present value factors: Present value of $1 for 5 years @ 10 percent =0.6209. Present value of an annuity of $1 for 5 years @ 10 percent =3.7908.
Calculate the following:
Present value of additional cash inflows = $
(Round your answer to two decimal places.)
Net present value of investment = $
(Round your answer to two decimal places.)
Investment decision =
(Yes/No)

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