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Question 25 The following present value factors are provided for use in this problem. Present Value of $1 at 8% 0.9259 0.8573 0.7938 0.7350 Present

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Question 25 The following present value factors are provided for use in this problem. Present Value of $1 at 8% 0.9259 0.8573 0.7938 0.7350 Present Value of an Annuity of $1 at 8% 0.9259 1.7833 2.5771 3.3121 Periods 4 Cliff Co. wants to purchase a machine for $40,000, but needs to earn an 8% return. The expected year-end net cash flows are $12,00 n each of the fist three years, and $16.000in the fourth year. What isthe machine's net present value? $42,685. $2,685. $/28.240). O $(9,075). $52,000

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