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Green Power Company is considering buying a new machine that will last for 1 2 years. The machine cost 1 5 4 , 9 3

Green Power Company is considering buying a new machine that will last for 12
years. The machine cost 154,932 dollars today. Maintenance expenses will be
21,531 dollars the first year, and will increase by 6,193 dollars every year
afterward (e.g. maintenance at the end of year two is equal to 21,531 plus 6,193
dollars). The interefic rate is 9% per year, compounded annually. What is the net
present value (NPV) of this machine? Assume all maintenance expenses occur at
the end of every year. (note: round your answer to two decimal places; do not
include spaces or dollar signs.)
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