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A company is evaluating the feasibility of investing in machinery to manufacture an automotive component. It would need to make an investment of $520,000 today,

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A company is evaluating the feasibility of investing in machinery to manufacture an automotive component. It would need to make an investment of $520,000 today, after which, it would have to spend $8,000 every year starting one year from now, for eleven years. At the end of the period, the machine would have a salvage value of $12,000. The company confirmed that it can produce and sell 9,000 components every year for eleven years and the net return would be $13.50 per component. The year for eleven years and the net return would be $13.50 per component. The company's required rate of return is 7.00%. $0.00 a. What is the Net Present Value (NPV) of this investment option? Round to the nearest cent LI. Thai

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