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Ayayai Company is considering investing in a new dock that will cost $570,000. The company expects to use the dock for 5 years, after which

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Ayayai Company is considering investing in a new dock that will cost $570,000. The company expects to use the dock for 5 years, after which it will be sold for $310,000. Ayayai anticipates annual cash flows of $120,000 resulting from the new dock. The company's borrowing rate is 8%, while its cost of capital is 11%. Calculate the net present value of the dock. (Use the above table.) (Round factor values to 5 decimal places, e.g. 1.25124 and final answer to 0 decimal places, e.g. 5,275.) Net present value $ Indicate whether Ayayai should make the investment. Ayayai the project. eTextbook and Media

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