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Topsy Turvy Inc. needs to determine whether it should purchase a new steam press machine that costs $150,000 and is expected to generate cash flows

Topsy Turvy Inc. needs to determine whether it should purchase a new steam press machine that costs $150,000 and is expected to generate cash flows of $60,000 per year for the next three years. Using a discount rate of 8%.


What is the NPV of the investment in the new machine?

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