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At the end of each of the next four years, a new machine is expected to generate net cash flows of $11,500, $13,500, $12,500, and

At the end of each of the next four years, a new machine is expected to generate net cash flows of $11,500, $13,500, $12,500, and $17,000, respectively. What are the cash flows worth today if a 12% Interest rate properly reflects the time value of money in this situation? Note: Use tables, Excel, or a financial calculator. Round your final answer to the nearest whole dollar. (FV of $1. PV of $1, FVA of $1, and PVA of $1). Multiple Choice $54,500 $40,731 $41,931 $29,927

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