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

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Accounting

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

Periods Present Value of $1 at 10% Present Value of an Annuity of $1 at 10%
1 0.9091 0.9091
2 0.8264 1.7355
3 0.7513 2.4869
4 0.6830 3.1699

Cliff Co. wants to purchase a machine for $64,000, but needs to earn an 10% return. The expected year-end net cash flows are $25,000 in each of the first three years, and $29,000 in the fourth year. What is the machine's net present value?

Multiple Choice

$17,980.

$104,000.

$81,980.

$(44,193).

$(1,827).

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