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Given the following information and assuming straight-line depreciation to zero, what is the NPV of this project? Initial investement = $120,000; cost savings = $45,000

Given the following information and assuming straight-line depreciation to zero, what is the NPV of this project? Initial investement = $120,000; cost savings = $45,000 per year; life =4years; salvage value = $8,000 in year 4; tax rate = 34%; discount rate = 11%

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