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Following is information on an investment in a manufacturing machine. The machine has zero salvage value. The company requires a 3% return from its investments.

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Following is information on an investment in a manufacturing machine. The machine has zero salvage value. The company requires a 3% return from its investments. Assume that instead of a zero salvage value, as shown above, the machine has a salvage value of $32,000 at the end of its hree-year life. Compute the machine's net present value. (PV of \$1. EV of \$1, PVA of \$1. and FVA of \$1) (Use appropriate actor(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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