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The following present value factors are provided for use in this problem. Xavier Company wants to purchase an asset for $36,400 with a four-year life

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The following present value factors are provided for use in this problem. Xavier Company wants to purchase an asset for $36,400 with a four-year life and a $1,100 salvage value. Xavier requires an 8% retum on investment. The expected year-end net cash flows are $11,400 in each of the four years: What is the machine's net present value (round to the nearest whole dollar)

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