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Monty Company is proposing to spend $ 2 5 0 , 0 0 0 to purchase a machine that will provide annual cash flows of

Monty Company is proposing to spend $250,000 to purchase a machine that will provide annual cash flows of $48,000 over a 10 year period. The appropriate present value factor for 10 periods is 5.65022.
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Compute the proposed investment's net present value. (For calculation purposes, use 5 decimal places as displayed in the factor table provided. Round answer to 0 decimal places, e.g.5,275.)
Net present value $
Indicate whether the investment should be made by Monty Company.
Investment be made by Monty Company.
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