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Michael Scott Paper, Inc. is considering a new machine that requires an initial investment of $ 6 5 0 , 0 0 0 , including
Michael Scott Paper, Inc. is considering a new machine that requires an initial investment of $ including installation costs, and has a useful life of ten years. The expected annual aftertax cash flows for the machine are $ during the first two years, $ during years three through six, and $ during the remaining years of its useful life. What is the net present value NPV when the discount rate is
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