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The following present value factors are provided for use in this problem. Xavier C_0. wants to purchase a machine for $37,000 with a four year

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The following present value factors are provided for use in this problem. Xavier C_0. wants to purchase a machine for $37,000 with a four year life and $1,000 a salvage value. Xavier requires an 8% return on investment. The expected year-end net cash flows are $12,000 in each of the four years. What is the machines net present value (round to the nearest whole dollar)? A) ($2, 745). B) $3, 480. C)$2, 745. D ($3, 480). E) $40, 480

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