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The following present value factors are provided for use in this problem. 9 Present Value Periods of $1 at 10% 1 0.9091 2 0.8264 3

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The following present value factors are provided for use in this problem. 9 Present Value Periods of $1 at 10% 1 0.9091 2 0.8264 3 0.7513 4 0.6830 Present Value of an Annuity of $1 at 10% 0.9091 1.7355 2.4869 3.1699 X 02:50:23 Cliff Company wants to purchase an asset for $78,000, but needs to earn a return of 10%. The expected year-end net cash flows are $31,000 in each of the first three years, and $35,000 in the fourth year. What is the machine's net present value (round to the nearest whole dollar)? Multiple Choice $(906). O O $22.999. O $ $100,999. O O $(54,095)

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