The machine will be sold for 100000 at the end of year five


One hospital can purchase a new machine for $1,000,000 that will provide an annual net cash flow of $300,000 per year for five years. The machine will be sold for $100,000 at the end of year five. What is the net present value of the machine if the required rate of return is 11.5%.

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Business Management: The machine will be sold for 100000 at the end of year five
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