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Bing enterprises, INC. has been considering the purchase of a new manufacturing facility for $ 2 8 4 , 0 0 0 . The facility

Bing enterprises, INC. has been considering the purchase of a new manufacturing facility for $284,000. The facility is to be depreciated on a straight-mine basis over seven years. It is expected to have no resale value after the seven years. Operating revenues from the facility are expected to be $119,000, in nominal terms, at the end of the first year. The revenues are expected to increase at the inflation rate of 4 percent. Production costs at the end of the first year will be $44,000, in nominal terms, and they are expected to increase at 5 percent per year. The real discount rate is 7 percent. The corporate tax rate is 24 percent.
Calculate the NPV of the project. (do not round intermediate calculations and round your answer 2 decimal places, e.g.32.16.)
NPV is 31,233.82
I tried using this on my study program and it says the answer is in corrcet .
What is the NPV actually suppose be?

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