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Lofting Snodbury is considering investing in a new boring machine. It costs $439,000 and is expected to produce the following cash flows: 10 Year Cash
Lofting Snodbury is considering investing in a new boring machine. It costs $439,000 and is expected to produce the following cash flows: 10 Year Cash flow ($2005) 1 55 2 62 3 85 4 90 5 90 6 97 7 97 8 90 9 73 55 If the cost of capital is 11%, what is the machine's NPV? (Do not round intermediate calculations. Enter your answer in whole dollars rounded to 2 decimal places.) Net present value
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