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XYZ Company is considering the purchase of a new machine. The machine will cost $189,000 and is expected to last 12 years. However, the machine

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XYZ Company is considering the purchase of a new machine. The machine will cost $189,000 and is expected to last 12 years. However, the machine will need maintenance costing $26,000 at the end of year three and additional maintenance costing $30,000 at the end of year seven. Purchasing this machine would require an immediate investment of $13,000 in working capital which would be released for investment elsewhere at the end of the 12 years. The machine is expected to have a salvage value of $11,000 at the end of 12 years. The machine will be used to generate net cash inflows of $45,000 per year in each of the 12 years. XYZ Company has a cost of capital of 15%. Calculate the net present value (NPV) of this machine. If your answer is negative, place a minus sign in front of your answer with no spaces in between (e.g., -1234) Use the time value of money factors posted in carmen to answer this question. To access these factors, click modules and then scroll to week 7. Click on the link labeled present & future value table factors. No credit will be awarded for this question using a means other than these table factors to answer this

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