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You are considering purchasing a machine that is expected to produce the following cash flows: $63,000 in year 1,$77,000 in year 2,$66,000 in year 3,$54,000

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You are considering purchasing a machine that is expected to produce the following cash flows: $63,000 in year 1,$77,000 in year 2,$66,000 in year 3,$54,000 in year 4 , and $42,000 in year 5 . If your interest rate is 13%, what would be your maximum offer (purchase price) on this machine? Your maximum offer on this machine would be $. (Round to the nearest dollar.)

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