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Homework: M1: Chapter 4 Homework Save Score: 0 of 1 pt 5 of 10 (3 complete) HW Score: 10%, 1 of 10 pts XP4-16 (similar
Homework: M1: Chapter 4 Homework Save Score: 0 of 1 pt 5 of 10 (3 complete) HW Score: 10%, 1 of 10 pts XP4-16 (similar to) Question Help Your friend in mechanical engineering has invented a money machine. The main drawback of the machine is that it is slow. It takes one year to manufacture $700. However, once built, the machine will last forever and will require no maintenance. The machine can be built immediately, but it will cost $7,000 to build. Your friend wants know if he should invest the money to construct it. If the interest rate is 7.0% per year, what should your friend do? The NPV of the machine is $(Round to the nearest dollar.) Enter your answer in the answer box and then click Check Answer. ? part remaining Clear All Final Check Stv 4 MacBook Pro 80, 888 $ 9% R. T Y
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