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Massey Enterprises is planning to buy a now machine to decrease the overall cost of production. This machine will cost $550000 and will help to

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Massey Enterprises is planning to buy a now machine to decrease the overall cost of production. This machine will cost $550000 and will help to save the company $125000 in operating costs annualy. The machine wil be fully depreciated using a straight-line dopreciasion mothod to a useful life of 9 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 rale for this project is 11 percent. What is the net present value of this 9 -year project? 67342 67642 67448 67642

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