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Landrys Tool Supply Corporation is considering purchasing a machine that costs $98,000 and will produce annual cash flows of $34,000 for six years. The machine

Landrys Tool Supply Corporation is considering purchasing a machine that costs $98,000 and will produce annual cash flows of $34,000 for six years. The machine will be sold at the end of six years for $5,000. What is the net present value of the proposed investment if Landry's requires a 12 percent return on all capital investments

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