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The Daily Tribune is performing an impairment test of its printing press as of December 31, 200X, and estimates that the press will generate net cash flows of $8,000 per year for the next 4 years. The Daily Tribune anticipates a 6% discount rate. Based on discounted future cash flows, which of the following is closest to the fair value of the printing press as of December 31, 200X?
1. $36,0002. $34,0003. $32,0004. $30,000
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. Elucidate what ratio you picked also Elucidate how you computed it for your company's latest financials also for your company's prior financials for its competitor.
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