[Solved] Use the Following to Answer Questions
Use the following to answer questions
Present and future value tables of $1 at 3% are presented below:
-At the end of the next four years,a new machine is expected to generate net cash flows of $8,000,$12,000,$10,000,and $15,000,respectively.What are the (rounded)cash flows worth today if a 3% interest rate properly reflects the time value of money in this situation?
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