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Bramble Company is considering investing in a new dock that will cost $810,000. The company expects to use the dock for 5 years, after which

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Bramble Company is considering investing in a new dock that will cost $810,000. The company expects to use the dock for 5 years, after which it will be sold for $550,000. Bramble anticipates annual cash flows of $360,000 resulting from the new dock. The company's borrowing rate is 8%, while its cost of capital is 11%. Click here to view PV tables. Calculate the net present value of the dock. (Use the above table) (Round foctor values to 5 decimal places, es. 1.25124 and final answer to 0 decimal ploces, es. 5.275.) Netpresent value Indicate whether Bramble should make the investment. Bramble the project

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