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Jones Plumbing can purchase a new machining tool for $20,000 that will provide an annual net cash flow of $5,000 per year for five years.

image text in transcribed Jones Plumbing can purchase a new machining tool for $20,000 that will provide an annual net cash flow of $5,000 per year for five years. Calculate the NPV of the tool if the required rate of return is 20% $1,514 $4,163 ($5,047) ($2,664)

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