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Poe Company is considering the purchase of new equipment costing exist82, 500. The projected net cash flows are exist37, 500 for the first two years

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Poe Company is considering the purchase of new equipment costing exist82, 500. The projected net cash flows are exist37, 500 for the first two years and exist32, 500 for years three and four. The revenue is 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 for different periods is presented below. Compute the net present value of the machine. exist(21, 156). exist29, 199. exist9, 423 exist21, 156. 4(9, 423)

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