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Following is information on an investment in a manufacturing machine. The machine has zero salvage value. The company requires a 9 % return from its

 
Following is information on an investment in a manufacturing machine. The machine has zero salvage value. The company requires a 9% return from its investments.

Initial investment $ (260,000)
Net cash flows:
Year 1125,000
Year 2136,000
Year 395,000
Assume that instead of a zero salvage value, as shown above, the machine has a salvage value of $28,500 at the end of its three-year life. Compute the machine's net present value. (PV of $1, FV of $1, PVA of $1, and FVA of $1)(Use appropriate factor(s) from the tables provided. Round all present value factors to 4 decimal places. Round present value amounts to the nearest dollar.)

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