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Sheffield Company is proposing to spend $285,000 to purchase a machine that will provide annual cash flows of $54,000 over a 10 vear period. The

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Sheffield Company is proposing to spend $285,000 to purchase a machine that will provide annual cash flows of $54,000 over a 10 vear period. The appropriate present value factor for 10 periods is 5,65022 . Click here to view PV tables. Compute the proposed investment's net present value. (For colculation purposes, use 5 decimal places as displayed in the foctor table provided. Round onswer to O decimal ploces, eg. 5,275.) Net present value Indicate whether the investment should be made by Sheffield Company. Imvestment be made by Shetheld Company. Attempts: 0 of 1 used

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