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Paige Company is contemplating the acquisition of a machine that costs $50,000 and promises to reduce annual cash operating costs by $11,000 over each of

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Paige Company is contemplating the acquisition of a machine that costs $50,000 and promises to reduce annual cash operating costs by $11,000 over each of the next six years. Which of the following is a proper way to evaluate this investment if the company desires a 12% return on all investments? $50,000 versus -$11,000 * 6. $50,000 versus -$66,000 * 0.507. $50,000 versus -$66,000 * 4.111. $50,000 versus -$11,000 * 4.111. $50,000 * 0.893 versus -$11,000 * 4.111

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