Question: Pablo Company is considering buying a machine that will yleld income of $2,200 and net cash flow of $13,700 per year for three years. The
Pablo Company is considering buying a machine that will yleld income of $2,200 and net cash flow of $13,700 per year for three years. The machine costs $46,500 and has an estimated $12,000 salvage value. Pablo requires a 15% return on its investments, Compute the net present value of this investment. (PV of \$1. FV of \$1. PVA of \$1, and EVA of \$1) (Use appropriate factor(s) from the tables provided. Negotive omounts should be indicated by a minus sign. Round your present value foctor to 4 decimals.)
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