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The following present value factors are provided for use in this problem. Present value of 1 at 11% 0.9009 0.8116 0.7312 0.6587 Present value of

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The following present value factors are provided for use in this problem. Present value of 1 at 11% 0.9009 0.8116 0.7312 0.6587 Present value of an annuity of 1 at 11% 0.9009 17125 2.4437 3.1024 Periods Cliff Co. wants to purchase a machine for $52,000, but needs to earn an 11% return. The expected year-end net cash flows are $19,000 in each of the first three years, and $23,000 in the fourth year. What is the machine's net present value (round to the nearest whole dollar)? O $(5,570). O $61,580. O $9,580. $(36,850). $80,000

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