The whitton company uses a discount rate of 12. the company, Ask an Expert

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The Whitton Company uses a discount rate of 12%. The company has an opportunity to buy a machine now for $36,000 that will yield cash inflows of $20,000 per year for each of the next five years. The machine would have no salvage value. The net present value of this machine to the nearest whole dollar is (closest to):

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Category:- Accounting Basics
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