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Joanelte, Inc., is considering the purchase of a machine that would cost $460,000 and would last for 6 years, at the end of which, the

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Joanelte, Inc., is considering the purchase of a machine that would cost $460,000 and would last for 6 years, at the end of which, the machine would have a salvage value of $56,000. The machine would reduce labor and other costs by $116,000 per year. Additional working capital of $2,000 would be needed immediately, all of which would be recovered at the end of 6 years. The company requires a minimum pretax return of 17% on all investment projects. (Ignore income taxes.) Click here to view Exhibit 128-14 and Exhibit 128-2 e to determine the appropriate discount factor(s) using the tables provided. YOU MAY USE YOUR OWN PRESENT VALUE TABLES AS WELL. Required: Determine the nel present value of the project. (Negative amount should be indicated by a minus sign. Round your intermediate calculations and final answer to the nearest whole dollar amount) To create a table in the text box - use the table tool in the menu - See screenshot below. Text Entry Copy and paste or type your submission right here. BIVA - A - E 3 ORVE XX, E Font Seos - Paragraph -- If you are unable to create a table in the text box below simply type your answer in the text box as best you can

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