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Assume that a company purchased new machine for $24,750 that has no salvage vaiue. The machine is expected to save the cornpary $6.000 a year

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Assume that a company purchased new machine for $24,750 that has no salvage vaiue. The machine is expected to save the cornpary $6.000 a year in cash operating costs for seven years. The company oiso expects the mochine to provide annual intangible benefits that are difficult to quantify. Assuming the company's hurdie rate is 24%, the minimum value of the intangible benetits that would be required to make this inyestrnent acceptable is closest to: Click here to view Exhibit 1481 and Exhibit 1482 to determine the appropriate discount factor(s) using the tables provided

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