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The management of the Cheyenne Corp. is considering the purchase of a new machine costing $490,000. The company's desired rate of return is 10%. The

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The management of the Cheyenne Corp. is considering the purchase of a new machine costing $490,000. The company's desired rate of return is 10%. The net cash flows from the investment are as follows: Year Net Cash Flows 1 $180,000 2 $120,000 3 $100,000 4 $90,000 5 $120,000 The net present value of this investment is closest to O $36,400 O $120,000 O ($16,017) O $55,200

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