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The following present value factors are provided for use in this problem. Periods 1 Present Value of $1 at 9 0.9174 0.8417 0.7722 0.7084 Present
The following present value factors are provided for use in this problem. Periods 1 Present Value of $1 at 9 0.9174 0.8417 0.7722 0.7084 Present Value of an Annuity of Sl at 98 0.9174 1.7591 2.5313 3.2397 City Co wants to purchase a machine for $82,000, but needs to earn a return of 9%. The expected year-end niet cash flows are $32,000 in each of me tist three years, and $36,000 in the fourth year. What is the machine's net present value? Multiple Choice $24.504 $132.000 5106,504
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