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Butler Corporation is considering the purchase of new equipment costing $33,000. The projected annual after-tax...

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Accounting

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Butler Corporation is considering the purchase of new equipment costing $33,000. The projected annual after-tax net income from the equipment is $1.300, after deducting $11,000 for depreciation. The revenue is to be received at the end of each year The machine has a useful life of 3 years and no salvage value. Butler requires a 11% return on its investments. The present value of an annuity of 1 for different periods follows 11% 0.9009 1.7125 2.4437 3.1024 Periods What is the net present value of the machine

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