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Lofting Snodbury is considering investing in a new boring machine. It costs $419,000 and is expected to produce the following cash flows: Year Cash flow
Lofting Snodbury is considering investing in a new boring machine. It costs $419,000 and is expected to produce the following cash flows: Year Cash flow ($000s) ) Net present value 1 64 2 71 3 103 4 108 5 99 6 7 106 106 8 108 9 82 10 64 If the cost of capital is 10%, what is the machine's NPV? (Do not round intermediate calculations. Enter your answer in whole dollars rounded to 2 decimal places.) }
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