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Canvas 1,800 Question 28 6 pts A firm has an opportunity to invest in a new device that will replace two of the firm's older

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Canvas 1,800 Question 28 6 pts A firm has an opportunity to invest in a new device that will replace two of the firm's older machines. The new device costs $600,000 and requires an additional outlay of $15,000 to cover installation and shipping. The new device will cause the firm to increase its net working capital by $18,000. Both of the old machines can be sold - the first for $125,000 (book value equals $95,000) and the second for $105,000 (book value equals $75,000). The original cost of the first machine was $200,000, and the original cost of the second machine was $140,000. The firm's marginal tax bracket is 40 percent What is the net investment for this project? Round to the nearest dollar, do not include the dollar sign. I Question 29 4 pts

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