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TTC Value UI Money, 325, Fa 20 Save tbook Solu 31 Score: 0 of 1 pt 11 of 14 (9 complete) HW Score: 42.86%, 9

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TTC Value UI Money, 325, Fa 20 Save tbook Solu 31 Score: 0 of 1 pt 11 of 14 (9 complete) HW Score: 42.86%, 9 of 21 pts P4-16 (similar to) Question Help Your buddy in mechanical engineering has invented a money machine. The main drawback of the machine is that it is slow. It takes one year to manufacture $600. However, once built, the machine will last forever and will require no maintenance. The machine can be built immediately, but it will cost $6,000 to build. Your buddy wants to know if he should invest the money to aten construct it. If the interest rate is 14.5% per year, what should your buddy do? The NPV of the machine is $ (Round to the nearest dollar.) g has invente anufacture $ Ice. The mach should invest jo? What is yo aad w ankst Fan paystu O per year forever ate 9.5% PV of perpetuity--C Rad Paystu pur buddy should inves Enter your answer in the answer box and then click Check Answer Check Answer Clear All part build, the perpetuity w Fanya. 1 remaining

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