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Jubilee Corporation is considering the purchase of a new machine costing 100000. Sales tax on the machine is 6%. Freight costs to have the machine

Jubilee Corporation is considering the purchase of a new machine costing 100000. Sales tax on the machine is 6%. Freight costs to have the machine delivered will be $1000. Installation and setup costs will be an additional $3000.

What is the net present value of the initial investment?

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