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Kolby's Korndogs is looking at a new sausage system with an installed cost of $680 This cost will be depreciated straight-line to zero over the

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Kolby's Korndogs is looking at a new sausage system with an installed cost of $680 This cost will be depreciated straight-line to zero over the project's 5-year life, at the of which the sausage system can be scrapped for $90,000. The sausage syster save the firm $193,000 per year in pretax operating costs, and the system requiri initial investment in net working capital of $45,000. If the tax rate is 25 percent an discount rate is 9 percent, what is the NPV of this project? (Do not round interme calculations and round your answer to 2 decimal places, e.g., 32.16.)

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