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The management of Kunkel Company is considering the purchase of a $29,000 machine that would redUse operating costs by $6,500 per year. At the end

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The management of Kunkel Company is considering the purchase of a $29,000 machine that would redUse operating costs by $6,500 per year. At the end of the machine's 13-year useful life, it will have zero scrap value The company's required rate of return is 13%. (Ignore income taxes.) Determine the net present value of the investment in the machine

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