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The management of Kanban Company is considering the purchase of a $54,000 machine that would...

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Accounting

The management of Kanban Company is considering the purchase of a $54,000 machine that would reduce operating costs by $12,000 per year. At the end of the machine's six-year useful life, it will have zero salvage value. The company's required rate of return is 9%. What is the Net Present Value of the investment in the machine

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