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Incognito Company is contemplating the purchase of a machine that provides it with net after-tax cash savings of $99,000 per year for five years. Interest

Incognito Company is contemplating the purchase of a machine that provides it with net after-tax cash savings of $99,000 per year for five years. Interest is 9%. Assume the cash savings occur at the end of each year.

Required:

Calculate the present value of the cash savings.

Preset Value=________

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