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Landry's Tool Supply Corporation is considering purchasing a machine that costs $100,000 and will produce annual cash flows of $40,000 for five years. The machine

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Landry's Tool Supply Corporation is considering purchasing a machine that costs $100,000 and will produce annual cash flows of $40,000 for five years. The machine is expected to be sold at the end of five years for $12,000. What is the net present value of the proposed investment? Landry's requires a 15 percent return on all capital investments using the present value tables in Exhibits 26-3 and 26.4. (Round your "PV factors" to 3 decimal places) Net present value Landry's Tool Supply Corporation is considering purchasing a machine that costs $100,000 and will produce annual cash flows of $40,000 for five years. The machine is expected to be sold at the end of five years for $12,000. What is the net present value of the proposed investment? Landry's requires a 15 percent return on all capital investments using the present value tables in Exhibits 26-3 and 26:4 (Round your "PV factors to 3 decimal places) Net present value

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