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Corp. will purchase a machine for $90,000. Its useful life is five years and the estimated residual value at that time is $8,000. The machine

Corp. will purchase a machine for $90,000. Its useful life is five years and the estimated residual value at that time is $8,000. The machine is expected to produce annual cash inflows of $34,000. Benedicts cost of capital is 16%. Profitability index=

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