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First photo is question I need answered, second photo is the formula you can use to get the correct answer, retrieved from similar questions with
First photo is question I need answered, second photo is the formula you can use to get the correct answer, retrieved from similar questions with different inputs. Please also adhere to the rounding instructions (in red), or it will be incorrect. please/thanks
D Question 4 1 pts Renegade Industries is considering the purchase of a new machine for the production of latex. Machine A costs $3.07 million and will last for six years. Variable costs are 35% of sales, and fixed costs are $1984778 per year. Machine B costs $4.96 million and will last for nine years. Variable costs for this machine are 20% of sales and fixed costs are $1342557 per year. The sales for each machine will be $9.2 million per year. The required return is 10 %, and the tax rate is 38%. Both machines will be depreciated on a straight-line basis. The company plans to replace the machine when it wears out on a perpetual basis. | Calculate the NPV for machine A. (Round answer to 2 decimal places. Do not round intermediate calculations) Topic: Capital Budgeting Problem (-1'INVA' 1000000)+( ((O-((VCA/100)"s)'1000000)-FCA- (INVA 1000000),/6) (0.62)+ (INVA' 1000000)/6) (1-(1/(1+ (R/100)1 6)/ (R/100))M
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