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Ajax is considering investing in a new machine that costs $30,000. It is expected that the new machine will save $11,000 a year in operating

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Ajax is considering investing in a new machine that costs $30,000. It is expected that the new machine will save $11,000 a year in operating costs over the next 6 years. Determine the Net Present Value of this investment if the company's required rate of return is 14%

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