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Business, 29.04.2021 16:00 joannakawata6

Newport Corp is considering the purchase of a new piece of equipment. The cost savings from the equipment would result in an annual increase in cash flow of $200,000. The machine will have an initial cost of $900,000 and have a 6-year life. There is no salvage value. If the hurdle rate is 10%, what is the approximate net present value

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