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Lofting Snodbury is considering investing in a new boring machine. It costs $425,000 and is expected to produce the following cash flows: Year 1 2
Lofting Snodbury is considering investing in a new boring machine. It costs $425,000 and is expected to produce the following cash flows: Year 1 2 3 4 5 6 7 8 9 10 Cash flow ($000s) 53 60 81 86 88 95 95 86 71 53 If the cost of capital is 9%, 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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