The following present value factors are provided for use in this problem. PeriodsPresent Value of $1 at 12%Present Value of

The following present value factors are provided for use in this problem. PeriodsPresent Value of $1 at 12%Present Value of an Annuity of $1 at 12% 1 0.8929 0.8929 2 0.7972 1.6901 3 0.7118 2.4018 4 0.6355 3.0373 Cliff Co. wants to purchase a machine for $72,000, but needs to earn a return of 12%. The expected year-end net cash flows are $29,000 in each of the first three years, and $33,000 in the fourth year. What is the machine’s net present value

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