Joanette, Incorporated, is considering the purchase of a machine that would cost $600,000 and would last for 6 years, at the end of which, the machine would have a salvage value of $50,000. The machine would reduce labor and other costs by $110,000 per year. Additional working capital of $4,000 would be needed immediately, all of which would be recovered at the end of 6 years. The company requires a minimum pretax return of 10% on all investment projects. (Ignore income taxes.) Click here to view Exhibit 14B-1 and Exhibit 14B-2, to determine the appropriate discount factor(s) using the tables provided. Required: Determine the net 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.) Net present value

Joanette, Incorporated, is considering the purchase of a machine that would cost $600.000 and would last for 6 years, at the end of which, the machine would have a salvage value of $50,000. The machine would reduce labor and other costs by $110,000 per year. Additional working capital of $4,000 would be needed immediately, all of which would be recovered at the end of 6 years. The company requires a minimum pretax return of 10% on all investment projects. (ignore income taxes.) Click here to view Exhibit 148-1 and Exhibit 1482, to determine the appropriate discount factor(s) using the tables provided. Required: Determine the net present value of the project. (Negotive omount should be indicated by o minus sign. Round your intermediate colculations and final answer to the nearest whole dollar amount.) Prrarnt Value et 51+(1+F)21 Present Valee of an Anesity ors1 in Arrvars ;r1(1+r)x1