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! Required information Use the following information for the Quick Study below. (Algo) [The following information applies to the questions displayed below.] Following is information

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! Required information Use the following information for the Quick Study below. (Algo) [The following information applies to the questions displayed below.] Following is information on an investment in a manufacturing machine. The machine has zero salvage value. The company requires a 3% return from its investments. $ (310,000) Initial investment Net cash flows: Year 1 Year 2 Year 3 130,000 140,000 117,000 QS 24-19 (Algo) Net present value with unequal cash flows LO P3 Compute this machine's net present value. (PV of $1, FV of $1, PVA of $1, and FVA of $1) (Use appropriate factor(s) from the tables provided. Round all present value factors to 4 decimal places. Round present value amounts to the nearest dollar.) Net Cash Flow Present Value Factor Present Value of Net Cash Flows Year 1 Year 2 Year 3 Totals $ 0 $ 0 Initial investment Net present value $ 0

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