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Avignon Restaurant is considering the purchase of a $9,600 souffl maker. The souffl maker has an economic life of eight years and will be fully

Avignon Restaurant is considering the purchase of a $9,600 souffl maker. The souffl maker has an economic life of eight years and will be fully depreciated by the straight-line method. The machine will produce 1,800 souffls per year, with each costing $2.20 to make and priced at $5.05. Assume that the discount rate is 10 percent and the tax rate is 21 percent.
What is the NPV of the project? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.)

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