The following present value factors are provided for use in this problem. PeriodsPresent Value of $1 at 12%Present Value of an Annuity of $1 at 12% 1 0.8929 0.8929 2 0.7972 1.6901 3 0.7118 2.4018 4 0.6355 3.0373 Cliff Co. wants to purchase a machine for $72,000, but needs to earn a return of 12%. The expected year-end net cash flows are $29,000 in each of the first three years, and $33,000 in the fourth year. What is the machine's net present value

This activity is important because as a marketing manager, you must allocate resources to reach your target market. during the strategic marketing process, managers move through three important phases to determine how to optimally allocate resources: a planning phase, an implementation phase, and an evaluation phase. in this interactive exercise, you are asked to review various strategic marketing actions and determine where in the strategic marketing process the action would occur. the goal of this exercise is to demonstrate your understanding of the strategic marketing process and related marketing actions.