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5 4 452 4.329 4212 4.100 3993 3m0791696 1605 3.517 3433352274 3.199 1127 30sa 2991 2926 2864 2,103 2745 2689 6 5247 5076 4917 4767

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5 4 452 4.329 4212 4.100 3993 3m0791696 1605 3.517 3433352274 3.199 1127 30sa 2991 2926 2864 2,103 2745 2689 6 5247 5076 4917 4767 4623 4426 4355 4231 4.111 3m8 3889 3784 3685 3589 3430 3410 3328 3245 3.167 3092 3020 2951 21 14029 12021 11 764 ,.03G 10017 9292 G49 0075 7562 7,102 GG07 G,312 5973 50C5 5.334 5,127 4091 4G75 4476 4,292 4121 963 10 020g 0.142 0097 0067 0046 0022 0022 01 001, 0008 0006 0004 0003 0002 0001 0001 0001 0000 0000 0000 0.000 0000 40 19 793 17.159 15046 13.332 11 925 10 757 97798 951244 7.634 71056542 6233 5871 5548 5258 4997 4760 4544 4.347 4166 3999 Joanette, Inc., is considering the purchase of a machine that would cost $670,000 and would last for 10 years, at the end of which, the machine would have a salvage value of $57,000. The machine would reduce labor and other costs by $117,000 per year. Additional working capital of $3000 would be needed immediately, all of which would be recovered at the end of 10 years. The company requires a minimum pretax return of 13% on all investment projects. (lgnore income taxes.) Use Exhibit 13B-1 and Exhibit 13B-2 above to determine the appropriate discount factor(s). Req uired: Determine the net present value of the project. (Negative amount should be indicated by a minus sign. Round your intermediate calculations and final answer to the nearest whole dollar amount.)

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