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Shirt Co . wants to purchase a new cutting machine for its sewing plant. The investment is expected to generate annual net cash inflows of

Shirt Co. wants to purchase a new cutting machine for its sewing plant. The investment is expected to generate annual net cash inflows of $30,000, have a useful life of 6 years, and an estimated salvage value of $10,000. If Shirt Co. has a required rate of return of 12%, the maximum amount they will be willing to spend for this machine is
Question 10 options:
$149,040
$153,080
$198,720
$128,400

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