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ABC construction Inc. is considering whether to purchase a Caterpillar backhoe or not. The cost of the backhoe is $44,384, the annual net benefit is

image text in transcribed ABC construction Inc. is considering whether to purchase a Caterpillar backhoe or not. The cost of the backhoe is $44,384, the annual net benefit is $3,138, the company can sell the backhoe for $20,461 after 8 years. Given the company's MARR is 5%, what is the NPV of the backhoe

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