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The management of Penfold Corporation is considering the purchase of a machine that would cost $370,000, would last for 5 years, ond would have
The management of Penfold Corporation is considering the purchase of a machine that would cost $370,000, would last for 5 years, ond would have no salvage value The machine would reduce labor and other costs by $90,000 per year The company requires a minimum pretax return of 12% on all investment projects. Click here to view Exhibit 128-1 and Exhibit 128-2, to determine the appropriate discount factor(s) using the tables provided. The net present value of the proposed project is closest to (Ignore income taxes): Multlple Cholce O O $369,997)
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