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Crane Manufacturing is considering the purchase of a new sewing machine that costs $23600. The machine, because of its ef ciency, will save about $5040
Crane Manufacturing is considering the purchase of a new sewing machine that costs $23600. The machine, because of its ef ciency, will save about $5040 in cost each year. The machine is expected to have a salvage value of $3780 and a life of 6 yea rs. Crane's required rate of return is 16%. Click here to view the factor table. Using the present value tables, what is the machine's net present value? [round to the nearest dollar) 0 $19820 0 $0478 0 $30240 0 $1551
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