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Question 2 ( 1 point ) Johnson Manufacturing is considering investing $ 8 0 , 0 0 0 in a new piece of machinery that

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Question 2(1 point)
Johnson Manufacturing is considering investing $80,000 in a new piece of machinery that will generate net annual cash flows of $30,000 each year for the next 7 years. The machine has a salvage value of $10,000 at the end of its 7 year useful life. Johnson's cost of capital and discount rate is 8%. What is the dollar amount that we would multiply the factor by when using the PV of an Annuity table?
$80,000
$10,000
$210,000
$30,000
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