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Even Better Cakes wants to purchase a new machine for $38,615 with a 5-year useful life. The machine is expected to generate additional cash revenues
Even Better Cakes wants to purchase a new machine for $38,615 with a 5-year useful life. The machine is expected to generate additional cash revenues of $4,200 per year and reduce operating costs by $5,500 each year of its economic life. The discount rate is 8%. What is the amount of the net present value of the machine?
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