Question: The Easter Tree Company plans to purchase a new machine that will increase its manufacturing speed and save the company money. The cost of this

The Easter Tree Company plans to purchase a new machine that will increase its manufacturing speed and save the company money. The cost of this machine is $76,000. The annual cash flow projections are below. If the cost of capital is 11 percent, what is the net present value? NUMBERS HAVE CHANGED SINCE QUIZ WAS INITIALLY POSTED. Year Cash Flow 1........................................ $23,000 2........................................ 29,000 3........................................ 46,000 4........................................ 16,000 5........................................ 6,000

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