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Certified Professional In Financial Management (CPFM) [cpfm]

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A manufacturing company is considering purchasing a new machine for $500,000. The machine is expected to generate annual after-tax cash inflows of $150,000 for the next 5 years. The company's cost of capital is 10%. What is the approximate Net Present Value (NPV) of this investment?
Correct Answer:
$$68,615

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