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Food Bear Grocery Store purchased a new U-Scan machine at a cost of $100,000. Annual
Food Bear Grocery Store purchased a new U-Scan machine at a cost of $100,000. Annual operating cash inflows are expected to be $40,000 each year for four years. At the end of the U-Scan's useful life, the salvage value of the U-Scan is expected to be $3,000.
Required What is the net present value if the cost of capital is 12 percent (ignore income taxes)? If required, round to the nearest whole dollar. |
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