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A widget factory in Tucson Arizona is considering buying a new piece of machinery to improve efficiency. The machinery will cost $10,000 and is estimated

A widget factory in Tucson Arizona is considering buying a new piece of machinery to improve efficiency. The machinery will cost $10,000 and is estimated to save the factory $4000 per year over a 4 year life. What is the Net Present Value (NPV) of this investment assuming a 4% discounting rate?

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