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Butler Corporation is considering the purchase of new equipment costing $ 3 3 , 0 0 0 . The projected annual income from the equipment
Butler Corporation is considering the purchase of new equipment costing $ The projected annual income from the equipment is $ after deducting $ for depreciation. The revenue is to be received at the end of each year. The machine has a useful life of years and no salvage value. Butler requires a return on its investments. The present value of an annuity of $ for different periods follows:
Periods
What is the net present value of the machine rounded to the nearest whole dollar
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E
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