A company is considering the purchase of a machine that will be used to manufacture a new product next year. The machine has the following features: Multiple Choice 2.25 years. 3.43 years. 2.00 years. 2.46 years. 3.26 years. useful life of 3 years and no salvage value. The company requires an 8% return on its investments. The relevant present value factors for 8% are listed below. What is the present value of the machine? Multiple Choice $13,598. $46,903. $38,657. $13,377. $60,280
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