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Helicopter Gear is planning to expand its product line, which requires investment of $ 5 6 7 , 0 0 0 in special - purpose

Helicopter Gear is planning to expand its product line, which requires investment of $567,000 in special-purpose machinery. The machinery has a useful life of six years and no salvage value. The estimated annual results of offering the new products are as follows:
Revenue $ 532,500
Expenses (including straight-line depreciation)(505,200)
Increase in net income $ 27,300
All revenue from the new products and all expenses (except depreciation) will be received or paid in cash in the same period as recognized for accounting purposes.
Using a discount rate of 9%, what is the net present value of this proposed investment?
Note: An annuity table shows that the present value of $1 received annually for six years, discounted at 9%, is 4.486. Round the final answer to nearest whole dollar.

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