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Blossom Industries management is planning to replace some existing machinery in its plant. The cost of the new equipment and the resulting cash fflows are

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Blossom Industries management is planning to replace some existing machinery in its plant. The cost of the new equipment and the resulting cash fflows are shown in the accompanying table. The firm uses an 18 percent discount rate for projects like this. Should management go ahead with the project? Cash Flow Year -$2,970,000 0 787,610 1 869,600 3 1,030,500 4 1,125,360 5 1,354,000 What is the NPV of this project? (Enter negative amounts using negative sign es. -45.25. Do not round discount factors. Round other intermediate calculations and final answer to 0 decimal places, e.g. 1,525) The NPV is $ Should management go ahead with the project? the project. The firm should

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