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Assume that a company purchased a new machine for $ 1 9 , 0 0 0 that has a salvage value of $ 3 ,
Assume that a company purchased a new machine for $ that has a salvage value of $ at the end of its useful life of five years. The machine is expected to save the company $ a year in cash operating costs for five years. The companys discount rate is The profitability index of this investment opportunity is closest to:
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