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Poe Company is considering the purchase of new equipment costing $90,000. The projected annual cash inflows are $40,200, to be received at the end of

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Poe Company is considering the purchase of new equipment costing $90,000. The projected annual cash inflows are $40,200, to be received at the end of each year. The machine has a useful life of 4 years and no salvage value. Poe requires a 10% return on its investments. The present value of an annuity of $1 and present value of an annuity of $1 for different periods are presented below. Compute the net present value of the machine (rounded to the nearest whole dollat). Multiple Choice $(37,430) $23,007. $56,907 323.007

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