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Monty Company is considering investing in a new dock that will cost $660.000. The compary expects to use the dock for 5 vears, after which

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Monty Company is considering investing in a new dock that will cost $660.000. The compary expects to use the dock for 5 vears, after which it will be sold for $400.000. Monty anticipates annual cash flows of $210,000 resulting from the new dock. The comp,iv's borrowing rate is 8%, while its cost of capital is 11%, Click here to view PV tables. Calculate the net present value of the dock (Use the above table) (Round factor values to 5 decimal ploces, eg. 1.25124 and final answer to 0 decimal places, e.3. 5.275.) Net present value 5 Indicate whether Monty should make the investment. Mont the project. Attempts: 0 of 1 used

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