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(Ignore income taxes in this problem.) Your Company purchased a machine with an estimated useful life of 7 years. The machine will generate cash
(Ignore income taxes in this problem.) Your Company purchased a machine with an estimated useful life of 7 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 10%. The net present value of the investment is ($5,000). What is the purchase price of the machine? $503,368 $508,368 $502,368 $513,368
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