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What is the net present value

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Reference no: EM131694191

Rayburn Industries is evaluating the investment of $138,800 in a new packing machine that should provide annual cash operating inflows of $29,760 for 6 years.

At the end of 6 years, the packing machine will be sold for $4,770. Rayburn's required rate of return is 8%.
What is the Net Present Value?

Reference no: EM131694191

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