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Rayburn Industries is evaluating the investment of $142,600 in a new packing machine that should provide annual cash operating inflows of $30,560 for 6 years.

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Rayburn Industries is evaluating the investment of $142,600 in a new packing machine that should provide annual cash operating inflows of $30,560 for 6 years. At the end of 6 years, the packing machine will be sold for $5,200. Rayburn's required rate of return is 8%. (a) What is the machine's net present value? [Round present value factor calculations to 4 decimal places, s 1.2512 and final answer to decimal places es: 58,971.) Net present value $ Save for later Attempts: 0 of 1 used Submit Awe

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