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Costner Inc. would like to introduce its new haircutting machine, the terminator. The machine will cost $ 1 5 , 0 0 0 today. (
Costner Inc. would like to introduce its new haircutting machine, the "terminator." The machine will cost $ today. As a result of purchasing the machine, Costner expects to give more haircuts total for $ each. In the first year, Costner will give more haircuts, and in the second year Costner will give more haircuts. What is the net present value NPV associated with purchasing the terminator if Costner's cost of capital is
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