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Bridgeport Corporation, which operates an amusement park, is considering a capital investment in a new ride. The ride would cost $132,000 and have an estimated

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Bridgeport Corporation, which operates an amusement park, is considering a capital investment in a new ride. The ride would cost $132,000 and have an estimated useful life of 5 years. The park will sell it for $60,300 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 $24.700. The company/s 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 negotive simn precedirg the number eg. 45 or parentheses eg. (45). For calculation purposes, use 5 decimal places as disployed in the foctor table provided, es. 1.25124. Round present value answer to 0 decimal places, eg. 125.)

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