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(lgnore income taxes in this problem.) The management of Urbine Corporation is considering the purchase of a machine that would cost $350,000, would last for
(lgnore income taxes in this problem.) The management of Urbine Corporation is considering the purchase of a machine that would cost $350,000, would last for 6 years, and would have no salvage value. The machine would reduce labor and other costs by $79,000 per year. The company requires a minimum pretax return of 14% on all investment projects. The net present value of the proposed project is closest to: O ($42.769) o $124,000 O $56,493 O ($93,877)
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