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The management of opry company a wholesale distributor of suntan products is considering the purchase...

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Accounting

The management of opry company a wholesale distributor of suntan products is considering the purchase of a $30,000 machine that would reduce operating costs in its warehouse by $5,000 per year. at the end of the machine's 8 year useful life it would have no scrap value. the company's required rate of return is 12%. determine the net present value of the investment in the machine

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