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Hawkins Poultry Farms is considering the purchase of feeding equipment that costs $175,000 and will produce annual cash flows of approximately $45,000 for five years.

Hawkins Poultry Farms is considering the purchase of feeding equipment that costs $175,000 and will produce annual cash flows of approximately $45,000 for five years. The equipment is expected to be sold at the end of five years for $60,000. What is the net present value of the proposed investment? Hawkins requires a 15 percent return on all capital investments using the present value tables in Exhibits 26-3 and 26-4. Note: Round your "PV factors" to 3 decimal places. Round your other intermediate calculations and final answer to the nearest whole dollar

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