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I need help solving this problem. Thanks in advance! 1 CCNY, Inc. is considering the acquistition of a new left-handed press. The base price of

I need help solving this problem. Thanks in advance!image text in transcribed

1 CCNY, Inc. is considering the acquistition of a new left-handed press. The base price of the press is indicated below. In addition there are modification costs, noted below, for CCNY's special use. The press falls into the MACRS 3-year class. CCNY will assume a salvage value of $0 for the purposes of depreciating the asset. The new press is expected to speed up production and result in an increase in gross annual sales and increase in annual variable costs as noted below. Inventories, accounts payable, and accounts receivable are all expected to increase (as noted) to support the heightened activity. The press will be sold after three years for the given sales price. The tax rate and noted. Find the NPV of this project and indicate if the press should be purchased

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