What is the present value

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Tandus Flooring invests $50,000 in a tufting machine. The expected cash flows from this machine over the next five years are $10,000, $20,000, $20,000, $20,000, and $10,000, respectively. The cash flows occur at the end of each year. What is the present value of this project assuming a discount rate of 5%?

Reference no: EM132265980

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