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Dancing Unicorns is considering the purchase of a machine for $76,000 that would generate an annual cash flow of $23,214 each year for five years.

Dancing Unicorns is considering the purchase of a machine for $76,000 that would generate an annual cash flow of $23,214 each year for five years. At the end of five years, the machine would have no salvage value. The company's required rate of return is 12%; the company uses straight-line depreciation and taxes are 20%. What is the NPV of the purchase? The answers have been rounded up to the nearest dollar

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