George William buys a machine for his business.The machine costs $150,000.George estimates that the machine can produce $40,000 cash inflow per year for the next five years.George's cost of capital is 10 percent.What is the approximate present value of the future cash flow for George?
A) $191,632
B) $151,632
C) $166,796
D) $174,212
Correct Answer:
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