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Reem Company is considering buying a machine. The firm's required rate of return is 10%. Find payback period. (Answer: 5 years) Find the NPV? (Answer:

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Reem Company is considering buying a machine. The firm's required rate of return is 10%. Find payback period. (Answer: 5 years) Find the NPV? (Answer: -$7,255.28) Find the PI? (Answer: 0.758157) Should the company purchased the machine? Explain your reason

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