Question: A company is considering investing in a new machine that requires a cash payment of $47, 947 today. The machine will generate annual cash flows

A company is considering investing in a new machine that requires

A company is considering investing in a new machine that requires a cash payment of $47, 947 today. The machine will generate annual cash flows of $21,000 for the next three years. Assume the company uses an 8% discount rate. Compute the net present value of this investment. (Round your answer to the nearest dollar and show your work.)

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