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ASAP Mike would like to upgrade his cafe, with a $2800 espresso machine, discount rate of 21%. The espresso machine will last 4 years, but

ASAP

Mike would like to upgrade his cafe, with a $2800 espresso machine, discount rate of 21%. The espresso machine will last 4 years, but should increase the cafe net cash flow by $4200 per year. What is the net present value of the investment? What is the annual worth and internal rate of return? Note that the Place is an illegal establishment and pays no taxes

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