Question: Management is considering purchasing a machine for $35,000. Expected cash flows from the purchase of the machine are $4,000 per year for ten years, At

Management is considering purchasing a machine for $35,000. Expected cash flows from the purchase of the machine are $4,000 per year for ten years, At the end of ten years the company expects to sell the machine as salvage for $1,500. The rate of return required by the company on the purchase of the machine is 4%. What is the maximum amount the company should pay for the new machine? A.$32,444 B.$28,054 C.$33,458 D.$27,867 E.$33,944 Orlo

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