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The following present value factors are provided for use in this problem. Present Value of...

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Accounting

The following present value factors are provided for use in this problem. Present Value of an Annuity of $1 at 8% 0.9259 1.7833 Periods 12 3 4 Present Value of $1 at 8% 0.9259 0.8573 0.7938 0.7350 Xavier Company wants to purchase an asset for $37,900 with a four-year life and a $1,000 salvage value. Xavier requires an 8% return on investment. The expected year-end net cash flows are $12,900 in each of the four years. What is the machine's net present value (round to the nearest whole dollar)? Multiple Choice $(5,561). $(4,826). $5,561. $4,826. 2.5771 3.3121 $43,461.
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