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DON Corporation is contemplating the purchase of a machine that will produce net after-tax cash savings of $28,000 per year for 4 years. At
DON Corporation is contemplating the purchase of a machine that will produce net after-tax cash savings of $28,000 per year for 4 years. At the end of four years, the machine can be sold to realize after-tax cash flows of $5,500. Assuming a 10% discount rate, calculate the total present value of the annual cash savings and the salvage value of the machine. (FV of $1, PV of $1. FVA of $1, and PVA of $1). (Use appropriate factor(s) from the tables provided. Round final answer to the nearest whole dollar.) Total present value
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