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TB MC Qu. 24-106 The following present value factors are provided... 20 The following present...

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TB MC Qu. 24-106 The following present value factors are provided... 20 The following present value factors are provided for use in this problem. 5 points Periods 1 Present Value of $1 at 12% 0.8929 0.7972 0.7118 0.6355 Present Value of an Annuity of $1 at 12% 0.8929 1.6901 2.4018 3.0373 2 3 eBook 4 Print Cliff Co. wants to purchase a machine for $60,000, but needs to earn a return of 12%. The expected year-end net cash flows are $23,000 in each of the first three years, and $27,000 in the fourth year. What is the machine's net present value? References Multiple Choice $(4,759). O $12,400. O O $72,400 $(42,841). $96.000. O

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