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Cliff Co. wants to purchase a machine for $42,000, but needs to earn a return of 11%. The expected year-end net cash flows are $14,000 in each of the first three years, and $18,…

Cliff Co. wants to purchase a machine for $42,000, but needs to earn a return of 11%. The expected year-end net cash flows are $14,000 in each of the first three years, and $18,…
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Cliff Co. wants to purchase a machine for $42,000, but needs to earn a return of 11%. The expected year-end net cash flows are $14,000 in each of the first three years, and $18,000 in the fourth year. What is the machine's net present value

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User CeePlusPlus
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Answer:

54 percent

Step-by-step explanation:

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User Pelo
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