What is the net present value of machine

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A corporation is considering the purchase of new equipment costing 90000. The projected after ttax annual net income from the equipment is $3600, after deducting $30,000 depreciation. Assume that revenue is to be recieved at each year end. and the machine has a useful life of three years with zero salvage value. Management requires a 12% return on its investments. what is the net present value of this machine?

Reference no: EM13135670

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