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The following present value factors are provided for use in this problem Present Value Periods of $1 at 94 Present Value of an Annuity

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The following present value factors are provided for use in this problem Present Value Periods of $1 at 94 Present Value of an Annuity of $1 at 96 A 0.9174 0.9174 2 3 0.8417 0.7722 0.7084 1.7591 2.5313 3.2397 Hey Ciff Company wants to purchase an asset for $66,000, but needs to earn a return of 9% The expected year-end net cash flows are $26,000 in each of the first three years, and $30,000 in the fourth year. What is the machine's net present value pround to the nearest whole dollar)? Multiple Choice $44,748) $87,066 $108,000 $21,066 0

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