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The following present value factors are provided for use in this problem. Xavier Co, Wants to purchase a machine for $36,500 with a four year
The following present value factors are provided for use in this problem. Xavier Co, Wants to purchase a machine for $36,500 with a four year life and a $1,000 salvage value. Xvaier requires an 8% return on investment. The expected year-end net cash flows are $11,500 in each of the four years, What is the machine's net present value (round to the interest whole dollar)? A $2,324 B $1,589 C $38,824 D $(2,324)
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