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Woodrag Company has purchased a machine that is expected to generate cash flow from operations, net of income taxes. of $80,000 in each of the

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Woodrag Company has purchased a machine that is expected to generate cash flow from operations, net of income taxes. of $80,000 in each of the 7 years. Woodrag's expected rate of retum is 12% Assuming a net present value of $12.720, what was the initial cost of the machine? Select one a $352400 b. S253.120 c. $377 840 d. $230.400

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