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Walen Co . has intends to purchase a new forklift for $ 8 1 , 0 0 0 . 0 0 cash. It expects annual

Walen Co. has intends to purchase a new forklift for $81,000.00 cash. It expects annual net operating cash flows of $13,800 per year for 8 years, and a salvage value at the end of 8 years of $8,700. Walen uses a 8% discount rate. What is the net present value of the investment?

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