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Jaysone Inc., is considering the purchase of equipment that would cost $530,000 and would last for 6 years, at the e equipment would have a

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Jaysone Inc., is considering the purchase of equipment that would cost $530,000 and would last for 6 years, at the e equipment would have a salvage value of $53,000. The annual net cash inflow is $113,000 per year. Additional workir $7,000 would be needed immediately, all of which would be recovered at the end of 6 years. The company requires a Ceturn of 12% on all investment projects (Ignore income taxes.) Click here to view Exhibit 13B-1 and Exhibit 138-2 to determine the appropriate discount factor(s) using the tables prov Required: Complete the table below and determine the net present value of the project. (Negative amount should be indicated sign. Round your intermediate calculations and final answer to the nearest whole dollar amount. Input your answe Factor" to 3 decimal places.) Year Now 1-6 Initial investment Working capital Annual net cash flow Salvage value Total cash flows Discount factor Present value of cash flows Net present value (42,013)

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