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Larson Manufacturing is considering purchasing a new injection-molding machine for $400,000 to expand its production capacity. It will cost an additional $10,000 to do

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Larson Manufacturing is considering purchasing a new injection-molding machine for $400,000 to expand its production capacity. It will cost an additional $10,000 to do the site preparation. With the new injection-molding machine installed, Larson Manufacturing expects to increase its revenue by $92,000 per year. The machine will be used for six years, with an expected salvage value of $65,000. At an interest rate of 12%, would the purchase of the injection-molding machine be justified? Click the icon to view the interest factors for discrete compounding when /- 12% per year. The present worth of the project is $ (Round to the nearest dollar.).

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