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Poe Company is considering the purchase of new equipment costing $83,500. The projected annual cash...

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Accounting

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Poe Company is considering the purchase of new equipment costing $83,500. The projected annual cash inflows are $33,700, to be received at the end ol each year. The machine has a useful life of 4 years and no salvage value. Poe requires a 10% return on its investments. The present value of an annuty of $1 and present value of an annuity of $1 for different periods are presented below. Compute the net present value of the machine (rounded to the nearest whole dollar). Muntwe clwoice 11234 $(23,326). $11,234. $40,654. $23,326. $(11,234)

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