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Vextra Corporation is considering the purchase of new equipment costing $ 3 5 , 0 0 0 . The projected annual cash inflow is $

Vextra Corporation is considering the purchase of new equipment costing $35,000. The projected annual cash inflow is $11,000, 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:
\table[[Periods,12%
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