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Pennsylvania Company is considering an investment in machinery which requires a working capital investment of $ 1 0 , 0 0 0 . The machinery

Pennsylvania Company is considering an investment in machinery which requires a working capital investment of $10,000. The machinery would provide cash inflows of $2,000 a year over the following six years. The working capital would be released for use elsewhere when the project is completed. If the company's discount rate is 10%, the investment's net present value is:
$1,290.
($1,290).
$2,000.
$4,350.
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