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Help is appreciated. Almendarez Corporation is considering the purchase of a machine that would cost $110,000 and would last for 4 years. At the end
Help is appreciated. Almendarez Corporation is considering the purchase of a machine that would cost $110,000 and would last for 4 years. At the end of 4 years, the machine would have a salvage value of $16,000. By reducing labor and other operating costs, the machine would provide annual cost savings of $30,000. The company requires a minimum pretax return of 12% on all investment projects. (Ignore Income taxes.) Click here to view Exhibit 128-1 and Exhibit 128-2. to determine the appropriate discount factor(s) using the tables provided. The net present value of the proposed project is closest to: (Round your intermediate calculations and final answer to the nearest whole dollar amount.) Multiple Choice $(8,754) $17.634 O $110,000) O $124.069
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