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A new electronic process monitor costs $ 9 9 0 , 0 0 0 . This cost could be depreciated at 3 0 % per

A new electronic process monitor costs $ 990,000. This cost could be depreciated at 30% per year ( Class 10). The monitor would actually be worthless in five years . The new monitor would save $ 460,000 per year before taxes and operating costs . 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 $ sign in your response .) NPV?

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