Business, 29.07.2019 21:00, riveg

(ignore income taxes in this problem.) the gage company purchased a machine which will be depreciated by the straight-line method over its estimated 6 year life. the machine will have no salvage value. it will generate cash inflows of $7,000 each year over the next 6 years. gage company's required rate of return is 14%. if the net present value of this investment is $12,016, the purchase price of the machine was:

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(ignore income taxes in this problem.) the gage company purchased a machine which will be depreciate...