A financial manager estimates the Present Value of the cash flows produced by a machine to be $55,000. Which of the following is the most accurate statement that could be inferred from this estimate?
a. If the machine can be purchased for $55,000 today, the manager is indifferent to the investment
b. If the machine costs more than $55,000 today, this is not an attractive investment
c. The machine can be purchased for less than $55,000 today, the investment should be made If the machine costs more than $55,000 today, this is not an attractive investment
d. All of the above are true