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Chauhan Restaurant is considering the purchase of a souffl maker that costs $ 1 0 , 4 0 0 . The souffl maker has an

Chauhan Restaurant is considering the purchase of a souffl maker that costs $10,400. The souffl maker has an economic life of 7 years and will be fully depreciated by the straight-line method. The machine will produce 1,200 souffls per year, with each costing $2.60 to make and priced at $4.95. The discount rate is 10 percent and the tax rate is 23 percent. What is the NPV of the project? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g.,32.16.)
Should the company make the purchase?
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