Helicopter Gear is planning to expand its product machinery has a useful life of seven years and no follows Revenue line, which requires investment of $547,400 in special-purpose machinery. The salvage value. The estimated annual results of offering the new products are Expenses (including straight-line depreciation) Increase in net income $ 523,000 (497,600) $25,400 All revenue from the new products and al expenses (except depreciation) will be received or paid in cash in the same period as recognized for accounting purposes What is the net present value of this proposed investment, using a discount rate of 157 Note: An annuity table shows that the present value of $1 received annually for seven years, discounted at 15%, is 40) Muple Choice $430976 $103600 < Prev 2950 Next >