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borteleto borteleto
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A year ago
Raindrip Corp. can purchase a new machine for $1,875,000 that will provide an annual net cash flow of $650,000 per year for five years. The machine will be sold for $120,000 after taxes at the end of year five. What is the net present value of the machine if the required rate of return is 13.5%.
A) $558,378
B) $513,859
C) $473,498
D) $447,292
Textbook 

Foundations of Finance


Edition: 9th
Authors:
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DeanaRayDeanaRay
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A year ago
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wrote...
A year ago
I'm still confused, but thanks for answering correctly
wrote...
3 days ago
Thank you
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