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Herky Foods is considering acqusition of a new wrapping machine. The initial investment is estimated at S1.73 million, and the machine will have a 5year

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Herky Foods is considering acqusition of a new wrapping machine. The initial investment is estimated at S1.73 million, and the machine will have a 5year life with no salvage value. Using a discount rate of 8%, determine the net present value NPV of the machine given its expected operating cash inflows shown in the following table: Based on the project's NPV, should Herky make this investment? The net present value (NPV) of the new wrapping machine is (Round to the nearest cent) Based on the project's NPV, should Herky make this investment? (Select the best answer below) O Yes Data Table (Click on the icon loc ated on the top-right comer of the data table below in order to copy its contents into a speadsheet) Year Cash inflow $553,600 $519,000 $415.200 $484,400 $276,800 Print Done

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