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ABC, Inc., invested in a machine with a useful life of 6 years and no salvage value. The machine was depreciated using the straight-line method

ABC, Inc., invested in a machine with a useful life of 6 years and no salvage value. The machine was depreciated using the straight-line method and it was expected to produce an annual cash inflow from the operation, net of income taxes, of $2000. The present value of an ordinary annuity of $1 for six periods at 10 per cent is 4.3553. the present value of $1 for six periods at 10 per cent is 0.5645. Assuming that ABC used an internal rate of return of 10 per cent, what was the amount of the original investment

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