* Home Courses Communities Repository Calendar Grades Help PRIN/FINANCE - 2012 Courses > Tests Student Test Questions No Time Limit Instructions: Question incomplete Question Complete Two machines cost $ 40,000 each and are expected to generate the following annual net cash flows: Year 1 2 3 Total Machine X $14,000 $14.000 $12,000 $8,000 $48.000 Machine Y $12.000 $12.000 $12,000 $12.000 $48.000 Which of the following statements about the present value of the net cash flows of the two machines is correct? It is the same for both given any positive rate of discount It will be higher for machine X than for machine Y at high rates of discount, and lower for machine than for machine Yat low rates of discount It w be higher for machine X than for machine Yat any positive rate of discount hp . & ( % 3 0 4 5 8 6 7 O E R U T Y D F G K H J V B NM