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Jones Plumbing can purchase a new machining tool for $11,000 that will provide an annual net cash flow of $6,750 per year for five years.

Jones Plumbing can purchase a new machining tool for $11,000 that will provide an annual net cash flow of $6,750 per year for five years. Calculate the NPV of the tool if the required rate of return is 19% $7,622 $1,923 $9,639 ($475)

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