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Fey Ble Publishing Company is looking into purchasing a new press that will cost $900,000. The company estimates that this new press will increase annual

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Fey Ble Publishing Company is looking into purchasing a new press that will cost $900,000. The company estimates that this new press will increase annual revenues by $1 million, as well as increase annual costs by $650,000. The press will last for 5 years. At the end of the fifth year, the press can be sold for $10,000. Given that the required return is 13%, what is the net present value on this new press? Ignore taxes. Multiple Choice $491,064.96 O $496,492.56 O $860,000 O $336,458.54 o $331,030.94

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