Random co. purchased a machine for $400,000 that has a five year life and will produce annual net cash inflows of $110,000 per year over the life of the machine. the present value of an annuity for 5 years at an 8% cost of capital is 3.993. calculate the net present value and payback period of this investment.
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Random co. purchased a machine for $400,000 that has a five year life and will produce annual net ca...
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