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Value: 2. Let's say that the J Cafe coffee shop is trying to decide whether to invest $10,000 in a new espresso machine. The J

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Value: 2. Let's say that the J Cafe coffee shop is trying to decide whether to invest $10,000 in a new espresso machine. The J Cafe believes the machine will last three years and that it will be able to sell $55,000 worth of coffee each year for three years. Use Excel to calculate the present value of the espresso machine, ignoring taxes, if the expected rate of return is 6%. Round to the nearest dollar. $ 147015 Check Answer View Hint X 147015 Don't forget to subtract the $10,000 that must be invested up front to purchase the coffee machine! We are ignoring the tax impact, and therefore any depreciation on the machine. Points scored this item: 0 Practice Problem Let's say that the J Cale coffee shop is trying to decide whether to invest $10,000 in a new espresso machine. The Cale believes the machine will last three years and that it will be able to sell $55.000 worth of cotto each year for three years Use Excel to calculate the present value of the espresso machine, ignoring taxes, if the expected rate of retums 8%

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