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Help Save & Exit Submit The following present value factors are provided for use in this problem. 9 Present Value of $1 at 88 0.9259
Help Save & Exit Submit The following present value factors are provided for use in this problem. 9 Present Value of $1 at 88 0.9259 0.8573 0.7938 0.7350 Periods 1 2 3 4 Present Value of an Annuity of $1 at 88 0.9259 1.7833 2.5771 3.3121 points eBook Xavier Company wants to purchase an asset for $36,700 with a four-year life and a $1,100 salvage value. Xavier requires an 8% return on investment. The expected year-end net cash flows are $11,700 in each of the four years. What is the machine's net present value (round to the nearest whole dollar)? Multiple Choice $2,861
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