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Kingston, Inc. management is considering purchasing a new machine at a cost of $4,240,000. They expect this equipment to produce cash flows of $813,290, $870,450,
Kingston, Inc. management is considering purchasing a new machine at a cost of $4,240,000. They expect this equipment to produce cash flows of $813,290, $870,450, $909,130, $1,115,400, $1,276,860, and $1,223,300 over the next six years. If the appropriate discount rate is 15 percent, what is the NPV of this investment?
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