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A manufacturing company is considering investing in a new cutting machine that will cost $122,000 and has an annual maintenance cost of $10,000. There is

"A manufacturing company is considering investing in a new cutting machine that will cost $122,000 and has an annual maintenance cost of $10,000. There is no salvage value for the machine. If the machine will last for a total of 5 years under these conditions and the costs do not change, what is the net present worth (NPW) of this investment at an interest rate of 16.3%? Even though all of the dollar values are costs, express your answer as a positive number (i.e., net present cost)."

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