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How do you solve this? USING FINANCIAL CALCULATOR STEPS PLS HP10bll+ x x x x NO EXCEL x x x x NO EXCEL!!!! PLEASE ONLY

How do you solve this? USING FINANCIAL CALCULATOR STEPS PLS HP10bll+ x x x x NO EXCEL x x x x

image text in transcribedNO EXCEL!!!! PLEASE ONLY FINANCIAL CALCULATOR STEPS!! Excel won't be allowed on the exam, I have to learn how to do it using the financial calculator! Thanks!

Metro Corporation will spend $1 million for special manufacturing equipment. Shipping and installation charges will amount to $175,000 and an initial increase in net working capital of $50,000 will be required. The equipment will replace an existing machine that has a salvage value of $85,000 and a book value of $140,000. If Metro has a current marginal tax rate of 34%, what is the amount of the initial outlay for this project? $1,225,000 $1,121,300 $1,328,700 $1,158,700 $1,021,300

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