Question: Green Electronics is considering the purchase of testing equipment that will cost $800,000 to replace old equipment. Assume the new machine will generate after-tax

Green Electronics is considering the purchase of testing equipment that will cost

Green Electronics is considering the purchase of testing equipment that will cost $800,000 to replace old equipment. Assume the new machine will generate after-tax savings of $350,000 per year over the next five years. If Green Electronics has a 12% cost of capital, what's the NPV of the investment?

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