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The following present value factors are provided for use in this problem Present Value Present Value of an Perioda of $t at ak Annuity

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The following present value factors are provided for use in this problem Present Value Present Value of an Perioda of $t at ak Annuity of $1 at 0 2 0.9259 0.0573 0.9259 1.7833 3 0.7938 2.5771 0.7350 3.3121 Xavier Company wants to purchase an asset for $36.600 with a four-year life and a $1,200 salvage value. Xavier requires an 8% return on investment. The expected year-end net cash flows are $11,600 in each of the four years. What is the machine's net present value (round to the nearest whole dollar)? Multiple Choice $1.820 $39,302 $2.702.

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