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Jones Plumbing can purchase a new machining tool for $22,500 that will provide an annual net cash flow of $7,000 per year for five years.

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Jones Plumbing can purchase a new machining tool for $22,500 that will provide an annual net cash flow of $7,000 per year for five years. Calculate the NPV of the tool if the required rate of return is 18% (\$610) ($1,469) $966 $2,355

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