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Novak, Inc. is considering the purchase of a new machine for $ 6 9 0 0 0 0 that has an estimated useful life of
Novak, Inc. is considering the purchase of a new machine for $ that has an estimated useful life of years and no salvage value. The machine will generate net annual cash flows of $ It is believed that the new machine will reduce downtime because of its reliability. Assume the discount rate is In order to make the project acceptable, the reduction in downtime must be worth
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