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Johns Shipyards is considering the replacement of an Byearold riveting machine with a new one that increase earnings before depreciation from $24,000 to $46,000 per

Johns Shipyards is considering the replacement of an Byearold riveting machine with a new one that increase earnings before depreciation from \$24,000 to $46,000 per year. The new machine will cost 180, 000 , and an estimated of years and no salvage value. The new riveting machine for 100 % bancs deprecation . The applicable corporate tax rate %, and the firm's WACC 20. The old machine has been fully deprecated and no Salvage What is the NPV or the project? Negative value, any, should be indicated by a Hound your answer to the nearest cent Should the old machine replaced by one? -Select

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