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You are considering expanding your auto repair business by investing in a diagnostic machine for $75000 with a residual value of $2000 after 10 years.

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You are considering expanding your auto repair business by investing in a diagnostic machine for $75000 with a residual value of $2000 after 10 years. You estimate your service revenue will increase by $15000 for 10 years. If your rate of return is 7%, what is the NPV of purchasing the machine? $31370 $31370 $32387 $32387

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