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Janes, Inc., is considering the purchase of a machine that would cost $410,000 and would last for 5 years. at the end of which, the

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Janes, Inc., is considering the purchase of a machine that would cost $410,000 and would last for 5 years. at the end of which, the machine would have a salvage value of $41,000. The machine would reduce labor and other costs by $101,000 per year. Additional working capital of $3,000 would be needed immediately, all of which would be recovered at the end of 5 years. The company requires a minimum pretax return of 13% on all investment projects. (Ignore income taxes.) Required: Determine the net present value of the project. (Negative amount should be indicated by a minus sign. Round final answers to the nearest dollar amount.) Net present value

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