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Dynamic - Problem and answer changes with each attempt ( consider an Excel solution ) Monet, Incorporated, is considering the purchase of a machine that

Dynamic - Problem and answer changes with each attempt (consider an Excel solution)
Monet, Incorporated, is considering the purchase of a machine that would cost $530,940 and would last for 6 years, at the end of which, the machine would have a salvage value of $67,386. The machine would reduce labor and other costs by $120,061 per year. Additional working capital of $11,057 would be needed immediately, all of which would be recovered at the end of 6 years. The company requires a minimum pretax return of 0.09 on all investment projects. (Ignore income taxes.)
Click here to view Exhibit 14B-1G and Exhibit 14B-2G, to determine the appropriate discount factor(s) using the tables provided. or Use Excel NPV formula.
Required:
Determine the net present value of the project. (Negative amount should be indicated by a minus sign. Round your intermediate calculations and final answer to the nearest whole dollar amount.)
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