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Falcon Machinery - is - considering a new - project that should - reduce - annual - operating - costs - by $ 6 3

Falcon Machinery -is- considering a new -project that should -reduce -annual -operating -costs -by $634,000. The -project-requires -investments - of $2,168,000 in- equipment - and $128,000-in- net -working -capital. -The-- equipment - will--be--depreciated straight-line to a zero -book-value - over -the-10 year life of the- projectafte-r which- it can be salvaged for $495,000. The -required -return is 14.3% and--the--tax -rate is 21%. What - is -the- net present value of the -project?
$657,345.35
$652,108.10
$701,414.14
$570,475.57
$668,019.24
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