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Ate-a Beta Theta Co. wants to purchase a new machine for its factory operations at a cost of $475,000. The investment is expected to generate

Ate-a Beta Theta Co. wants to purchase a new machine for its factory operations at a cost of $475,000. The investment is expected to generate $175,000 in annual cash flows for a period of four years. The required rate of return is 14%. The old machine can be sold for $25,000. The machine is expected to have zero value at the end of the four-year period. What is the net present value of the investment? Would the company want to purchase the new machine? Income taxes are not considered

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