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Incognito Company is contemplating the purchase of a machine that provides it with cash savings of $88,000 per year for five years. Interest is 10%.

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Incognito Company is contemplating the purchase of a machine that provides it with cash savings of $88,000 per year for five years. Interest is 10%. Assume the cash savings occur at the end of each year. Required: Calculate the present value of the cash savings Note: Use tables, Excel, or ofinancial colculator. Round your final answer to the nearest whole dollar. (EV of S1, PV of S1. EVA of S1. PVA olS1 EVAD ofS1 and PVAD of S1)

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