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JoAnne Inc. may buy equipment that is expected to have a 3 - year useful life and a $ 5 2 , 0 0 0

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JoAnne Inc. may buy equipment that is expected to have a 3-year useful life and a $52,000 salvage value. The equipment will cost $209,000 and is expected to produce a $66,000 annual cash flow to be received at the end of each year. If a table of present values of $1 at 7% shows values of 0.9346 for one year, 0.8734 for two years, and 0.8163 for three years, what is the net presen1t value of the cash flows from the investment, discounted at 7%(round the final answer to the nearest whole dollar)?
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