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Geary Machine Shop is considering a four-year project to improve its production efficiency Buying a new machine press for $902.400 is estimated to result in

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Geary Machine Shop is considering a four-year project to improve its production efficiency Buying a new machine press for $902.400 is estimated to result in $300,800 in annual pretax cost savings. The press falls in the MACRS five year class (MACRS Table), and it will have a savage value at the end of the project of 5131600. The press also requires an initial investment in spare parts inventory of $37,600, along with an additional $5640 in inventory for each succeeding year of the project Required: if the shop's tax rate is 34 percent and its discount rate is 18 percent, what is the NPV for this project? Da not round your intermediate calculations) $ 141,344.98 $ 137,809.23 $-222.217.49 $-148,412.23 $-134.277.74

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