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Vextra Corporation is considering the purchase of new equipment costing $42, 000. The projected annual cash inflow is $12, 400, to be received at the

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Vextra Corporation is considering the purchase of new equipment costing $42, 000. The projected annual cash inflow is $12, 400, 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: What is the net present value of the machine (rounded to the nearest whole dollar)? $42, 000. $(2, 700). $(4, 337). $7, 663. $(37, 663)

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