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A company is looking at a new sausage system with an installed cost $218,400. This cost will be depreciated straight-line to zero over the project's

A company is looking at a new sausage system with an installed cost $218,400. This cost will be depreciated straight-line to zero over the project's 10 year life, at the end of which the sausage can be scrapped for $33,600. The system will save the firm $67,200 per year in pretax operating costs, and the system requires an initial investment in net working capital of $15,680. If the tax rate is 34% and the discount rate is 15%, what is the NPV of this project?

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