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Creole Restaurant is considering the purchase of a $9,800 souffl maker. The souffl maker has an economic life of five years and will be fully

Creole Restaurant is considering the purchase of a $9,800 souffl maker. The souffl maker has an economic life of five years and will be fully depreciated by the straight-line method. The machine will produce 1,900 souffls per year, with each costing $2.30 to make and priced at $5.30. Assume that the discount rate is 11 percent and the tax rate is 35 percent. What is the NPV of the project?

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