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Need an explanation as to WHY the answer is yes we should buy it. Spend 8000 on a new machine. You think it will provide

Need an explanation as to WHY the answer is "yes we should buy it".

  1. Spend 8000 on a new machine. You think it will provide after tax cash inflows of 3500 per year for the next three years. The cost of funds is 8%. Find the NPV, IRR, and MIRR. Should you buy it?

NPV = 1019.84

IRR = .1493

MIRR = .1241

Should I buy it? = Yes is the answer BUT I NEED TO UNDERSTAND WHY YES IS THE ANSWER

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