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The following present value factors are provided for use in this problem. Present Value Present Value of an Periods of $1 at 128 Annuity

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The following present value factors are provided for use in this problem. Present Value Present Value of an Periods of $1 at 128 Annuity of $1 at 12 1 0.8929 0.8929 21 0.7972 1.6901 31 0.7118 0.6355 2.4018 3.0373 Cliff Company wants to purchase an asset for $72,000, but needs to earn a return of 12%. The expected year-end net cash flows are $29,000 in each of the first three years, and $33.000 in the fourth year. What is the machine's net present value (round to the nearest whole dollar)?

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