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Keltner Enterprises is considering investing in a new packing machine. The new machine will provide annual cash operating inflows of $ 1 2 , 3

Keltner Enterprises is considering investing in a new packing machine. The new machine will provide annual cash operating inflows of $12,300 for 5 years. The cost of the machine is $42,300 and it can be sold at the end of its 5-year useful life for $6,800. Keltner's required rate of return is 10%. What is the machine's net present value?
a.($105)
b. $13,211
c. $8,549
d. $15,278
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