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Indigo Company is proposing to spend $315,000 to purchase a machine that will provide annual cash flows of $59,000 over a 10 -year period. The

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Indigo Company is proposing to spend $315,000 to purchase a machine that will provide annual cash flows of $59,000 over a 10 -year period. The appropriate present value factor for 10 periods is 5.65022. Click there to view PV tables. Compute the proposed investment's net present value. (For calculation purposes, use 5 decimol ploces as disployed in the factor table provided. Round answer to 0 decimal places, es. 5.275.) Net present value Indicate whether the investment should be made by Indigo Company, Investment be made by indigo Company. TABL.E 1 Future Value of 1 TABLE 2 Future Value of an Annuity of 1 TABI.E 3 Present Value of 1

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