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Problem 2-13 Present values Lofting Snodbury is considering investing in a new boring machine. It costs $421,000 and is expected to produce the following cash
Problem 2-13 Present values Lofting Snodbury is considering investing in a new boring machine. It costs $421,000 and is expected to produce the following cash flows: Year Cash flow ($000s) 1 62 2 69 3 99 4 104 5 97 6 104 7 104 8 104 9 80 10 62 If the cost of capital is 10%, what is the machine's NPV? (Do not round intermediate calculations. Enter your answer in whole dollars rounded to 2 decimal places.) Net present value
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