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Bramble Corporation, which operates an amusement park, is considering a capital investment in a new ride. The ride would cost $ 1 3 4 ,

Bramble Corporation, which operates an amusement park, is considering a capital investment in a
new ride. The ride would cost $134,000 and have an estimated useful life of 5 years. The park will
sell it for $68,000 at that time. (Amusement parks need to rotate rides to keep people interested.)
The ride will be expected to increase net annual cash flows by $24,100. The companys borrowing
rate is 8%. Its cost of capital is 10%.
Click here to view the factor table.
Calculate the net present value of this project to the company. (If the net present value is negative,
use either a negative sign preceding the number e.g.-45 or parentheses e.g.(45). For calculation
purposes, use 5 decimal places as displayed in the factor table provided, e.g.1.25124. Round present
value answer to 0 decimal places, e.g.125.)
Net present value $?

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