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The following present value factors are provided for use in this problem. Periods Present Value of $1 at 8% 0.9259 Present Value of an Annuity

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The following present value factors are provided for use in this problem. Periods Present Value of $1 at 8% 0.9259 Present Value of an Annuity of $1 at 8% 0.9259 0.8573 1.7833 0.7938 0.7350 2.5771 3.3121 Xavier Co. wants to purchase a machine for $37,400 with a four year life and a $1,100 salvage value. Xavier requires an 8% return on investment. The expected year-end net cash flows are $12,400 In each of the four years. What is the machine's net present value (round to the nearest whole dollar)? 0 $4,479 0 $3,670 O O O $41,879. $(4,479) $(3,670)

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