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Massey Enterprises is planning to buy a new machine to decrease the overall cost of production. This machine will cost $350000 and will help to

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Massey Enterprises is planning to buy a new machine to decrease the overall cost of production. This machine will cost $350000 and will help to save the company $108000 in operating costs annually. The machine will be fully depreciated using a straight-line depreciation method to a useful life of 5 years. The actual market value of the machine is expected to be zero at the termination of the project. The marginal tax rate for the company is 21 and the discount rate for this project is 11 percent. What is the net present value of this 5-year project? 19635196642553418834

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