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Required la. Minden Company's required rate of return is 15%. The company can purchase a new machine at a cost of $40,350. The new machine

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Required la. Minden Company's required rate of return is 15%. The company can purchase a new machine at a cost of $40,350. The new machine would generate cash inflows of S15,000 per year and have a four-year life with no salvage value. Compute the machine's net present value. (Negative amount should be indicated by a minus sign. Round discount factor(s) to 3 decimal places, intermediate and final answers to the nearest dollar amount. Omit the sign in your response.) Net present value 1b. Is the machine an acceptable investment? Yes No

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