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Vextra Corporation is considering the purchase of new equipment costing $40,000. The projected annual cash inflow is $12,000, to be received at the end of

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Vextra Corporation is considering the purchase of new equipment costing $40,000. The projected annual cash inflow is $12,000, to be received at the end of each year. The machine has a useful life of 4 years and no salvage value. Vextra requires a 12% return on its investments. The present value of an annuity of $1 for different periods follows: 12 Percent 0.8929 1.6901 2.4018 3.0373 Ay What is the net present value of the machine (rounded to the nearest whole dollar)? o $6,448. O $4100) O $40,000 O $(3,552, O $(36,448)

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