(Answered) Rayburn industries is evaluating the investment of 143200

Accounting

Rayburn Industries is evaluating the investment of $143,200 in a new packing machine that should provide annual cash operating inflows of $29,650 for 6 years. At the end of 6 years, the packing machine will be sold for $5,370. Rayburn's required rate of return is 7%.

What is the machine's net present value?

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