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(Ignore income taxes in this problem.) Your Company purchased a machine with an estimated useful life of 8 years. The machine will generate cash inflows

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(Ignore income taxes in this problem.) Your Company purchased a machine with an estimated useful life of 8 years. The machine will generate cash inflows of $96,000 each year. The salvage value at the end of the project is $80,000. Your Company's discount rate is 6%. The net present value of the investment is ($7,500). What is the purchase price of the machine? $656,860 $568,140 $653,820 $564,492

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