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Concrete Corp plans on buying a new mixer at a cost of $150,000. The after tax benefit from this investment will be $23,000 each year

Concrete Corp plans on buying a new mixer at a cost of $150,000. The after tax benefit from this investment will be $23,000 each year for the next 12 years. What is the net present value of the investment assuming a 6% interest rate (required rate of return)? Should they go ahead with this investment?

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