Question: A machine costs $ 1 0 0 0 and has a 3 year life. The estimated salvage value at the end of 3 years is

A machine costs $1000 and has a 3 year life. The estimated salvage value at the end of 3 years is $100. The project is expected to generate after tax cash flows of $600 per year. If the required rate of return is 10%, what is the NPV of the project?
$492
$1492
$567
$1567

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