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Question Help Robert Hall is considering a new machine for his shop. The machine is expected to generate receipts as follows: $50,000 in year one;
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Robert Hall is considering a new machine for his shop. The machine is expected to generate receipts as follows: $50,000 in year one; $30,000 in year two, nothing in the next year, and $20,000 in the fourth year.
At an interest rate of 6 percent, the present value of these
receiptsequals=$______
(round your response to the nearest whole number).
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