Question: You are considering buying a machine that will cost you $12,000. There will be a maintenance cost of $1,000 at the beginning of each year,

You are considering buying a machine that will cost you $12,000. There will be a maintenance cost of $1,000 at the beginning of each year, and the machine will generate cash flows of $5,000 over the next five years. After the five years, the machine will have no . What is the NPV of this machine if the is 12 percent?

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