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DON Corp. is contemplating the purchase of a machine that will produce cash savings of...

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Accounting

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DON Corp. is contemplating the purchase of a machine that will produce cash savings of $36,000 per year for five years. At the end of five years, the machine can be sold to realize cash flows of $6,600. Interest is 11%. Assume the cash flows occur at the end of each year. (FV of $1. PV of S1. FVA of $1. PVA of $1. FVAD of $1 and PVAD of $1) (Use appropriate factor(s) from the tables provided.) Required: Calculate the total present value of the cash savings. (Do not round intermediate calculations. Round your final answer to nearest whole dollar.) Total present value

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