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Find the NPV of the new machine, rounded to the nearest dollar. Your company is considering the purchase of a new machine. The machine will

Find the NPV of the new machine, rounded to the nearest dollar. image text in transcribed
Your company is considering the purchase of a new machine. The machine will generate $7,000 in additional sales per year, and it will also have increased costs of $1,000 per year. The machine costs $18,000 and has an expected life of 7 years with no salvage value. The machine will be depreciated using straight line depreciation. The company's tax rate is 25%. The company want to make a return of 11% on this investment. Find the NPV of the new machine. Round your answer to the nearest dollar

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