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Hung Company accumulates the following data concerning a proposed capital investment: cash cost $224,000, net annual cash flows $40,000, present value factor of cash inflows

Hung Company accumulates the following data concerning a proposed capital investment: cash cost $224,000, net annual cash flows $40,000, present value factor of cash inflows for 10 years 5.89 (rounded). (If the net present value is negative, use either a negative sign preceding the number eg -45 or parentheses eg (45).) Determine the net present value, and indicate whether the investment should be made

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