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Sandhill, Inc. management is considering purchasing a new machine at a cost of $3,940,000. They expect this equipment to produce cash flows of $793,390, $926,950,
Sandhill, Inc. management is considering purchasing a new machine at a cost of $3,940,000. They expect this equipment to produce cash flows of $793,390, $926,950, $1,009,330, $1,009,100, $1,271,860, and $1,194,700 over the next six years. If the appropriate discount rate is 15 percent, what is the NPV of this investment? (Enter negative amounts using negative sign e.g. -45.25. Do not round discount factors. Round other intermediate calculations and final answer to 0 decimal places, e.g. 1,525.)
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