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Exercise 3 Rayburn Industries is evaluating the investment of $143,200in a new packing machine that should provide annual cash operating inflows of $29,650for6years. At

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Exercise 3 Rayburn Industries is evaluating the investment of $143,200in a new packing machine that should provide annual cash operating inflows of $29,650for6years. At the end of6years, the packing machine will be sold for $5,370. Rayburns required rate of return is7%.
(a) What is the machines net present value?(Round present value factor calculations to 4 decimal places, e.g. 1.2512 and final answer to 0 decimal places e.g. 58,971.)
Net present value$
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image text in transcribed Exercise 3 Rayburn Industries is evaluating the investment of $143,200 in a new packing machine that should provide annual cash operating inflows of $29,650 for 6 years. At the end of 6 years, the packing machine will be sold for $5,370. Rayburn's required rate of return is 7%. (a) What is the machine's net present value? (Round present value factor calculations to 4 decimal places, e.g. 1.2512 and final answer to 0 decimal places e.g. 58,971.) $ Net present value Attempts: 0 of 1 used SAVE FOR SUBMIT LATER

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