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A bottle filling machine costs $1,200,000. This cost could be depreciated at 30% per year (Class 43) The monitor would actually be worth $100.000 m

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A bottle filling machine costs $1,200,000. This cost could be depreciated at 30% per year (Class 43) The monitor would actually be worth $100.000 m seven years. The new bottle filling machine would save $356,000 per year before taxes and operating costs. Suppose the new monitor requires us to increase net working capital by $47.200 when we buy it. If we require a 15% return, what is the NPV of the purchase? Assume a tax rate of 40% (Do not round intermediate calculations. Round the final answer to 2 decimal places. Omit S sign in your response.)

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