What is the machines net present value

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Rayburn Industries is evaluating the investment of $137,300 in a new packing machine that should provide annual cash operating inflows of $30,380 for 6 years. At the end of 6 years, the packing machine will be sold for $4,680. Rayburn’s required rate of return is 9%.

What is the machine’s net present value?

Reference no: EM131259506

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