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JF/02J FUIRUOdlu.lpp.edu%252 Tube Maps nt 6 (Chapter 10) Saved Help Your firm is contemplating the purchase of a new $580,000 computer-based order entry system. The

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JF/02J FUIRUOdlu.lpp.edu%252 Tube Maps nt 6 (Chapter 10) Saved Help Your firm is contemplating the purchase of a new $580,000 computer-based order entry system. The system will be depreciated straight-line to zero over its five-year life. It will be worth $92,000 at the end of that time. You will be able to reduce working capital by $117,000 (this is a one-time reduction). The tax rate is 24 percent and the required return on the project is 12 percent. If the pretax cost savings are $150,000 per year, what is the NPV of this project? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) NPV

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