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Diane Manufacturing Company is considering investing $500,000 in new equipment with an estimated useful life of 10 years and no salvage value. The equipment is

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Diane Manufacturing Company is considering investing $500,000 in new equipment with an estimated useful life of 10 years and no salvage value. The equipment is expected to produce $320,000 in cash inflows and $200,000 in cash outflows annually. The company uses straight-line depreciation, and has a 30% tax rate. Diane Manufacturing desired rate of return on this project is 10%. (Please enter answer with ONLY numbers - no punctuation, no $ signs, no decimals, no spacing. For negative answers only, enter the answer with "-" at the beginning. For example, -50000) (ALT Exercise A from text publisher) Calculate the Net Present Value: Net cash flows for years 1 through 10 A. (99,000 X present value of $1 annuity factor) round to nearest dollar Recovery of investment in working B. capital (500,000 x (present value of $1 factor) C. Present Value of net cash flows Initial cash outlay 500,000 D. Net Present Value

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