Net present value: Management of Franklin Mints, a confectioner, is considering purchasing a new jelly beanmaking machine

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Net present value: Management of Franklin Mints, a confectioner, is considering purchasing a new jelly bean–making machine at a cost of $312,500. It projects that the cash flows from this investment will be $121,450 for each of the next seven years. If the appropriate discount rate is 14 percent, what is the NPV for the project?

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