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Pablo Company is considering buying a machine that will yield income of $2,100 and net cash flow of $17,500 per year for three years. The
Pablo Company is considering buying a machine that will yield income of $2,100 and net cash flow of $17,500 per year for three years. The machine costs $52,500 and has an estimated $6,300 salvage value. Pablo requires a 10% return on its investments. Compute the net present value of this investment. (PV of $1,FV of $1, PVA of $1, and FVA of $1 ) (Use appropriate factor(s) from the tables provided. Negative amounts should be indicated by a minus sign. Round your present value factor to 4 decimals.)
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