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Briefly answer in 1-3 sentences for each question should suffice. A: To find the maximum price you are willing to pay for a new piece

Briefly answer in 1-3 sentences for each question should suffice.

A: To find the maximum price you are willing to pay for a new piece of equipment, you can setup the cash flows that the machine is expected to generate and then plug in the NPV formula. Then you can use Goal-Seek in Excel to find the initial purchase price of the machine that sets the NPV negative. True or false?

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