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erky Foods is considering acquisition of a new wrapping machine. The initial investment is estimated at $2.06 million, and the machine ill have a 5

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erky Foods is considering acquisition of a new wrapping machine. The initial investment is estimated at $2.06 million, and the machine ill have a 5 year life with no salvage value. Using a discount rate of 8%, determine the net present value (NPV) of the machine given its xpected operating cash inflows shown in the following tableBased on the project's NPV should Herky make this investment? The net present value (NPV) of the new wrapping machine is s (Round to the nearest cent.) Based on the project's NPV, should Herky make this investment? (Select the best answer below) O Yes O No Data Table (Click on the icon located on the top-right comer of the data table below in order to copy its contents into a spreadsheet.) Year Cash inflow 1$659,200 $618,000 $494,400 $576,800 $329,600 Print Done Click to select your answer(s)

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