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Driscoll Co. wanted to purchase a new machine that would cost $3.5 million and improve aftertax operating cash flows by $1 million per year for
Driscoll Co. wanted to purchase a new machine that would cost $3.5 million and improve aftertax operating cash flows by $1 million per year for the next five years. The salvage value is expected to be zero at the end of five years. A 48-month payback was the firm's guideline for capital acquisition. The present value of an annuity of one in five years is 3.791, and the present value of one in five years is 0.621. The accountant would most appropriately recommend that the company. How do I get the npv of 291,000
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