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Kenner Broom buys a machine for his business. The machine costs $150,000. Kenner estimates that the machine can produce $40000 cash inflow per year for

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Kenner Broom buys a machine for his business. The machine costs $150,000. Kenner estimates that the machine can produce $40000 cash inflow per year for the next five years. His cost of capital is 12 percent. What is the approximate net present value? Kenner Broom buys a machine for his business. The machine costs $150,000. Kenner estimates that produce $40,000 cash inflow per year for the next five years. His cost of capital is 12 percent. Based upon the net present value of this investment, Kenner should

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