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Mystic Beverage Company is considering purchasing a new bottling machine. The new machine costs $ 5 6 0 , plus installation fees of $ 1

Mystic Beverage Company is considering purchasing a new bottling machine. The new machine costs $560, plus installation fees of $15,000 and will generate earning before interest and taxes of $460 per year over its 7-year life. The machine will be depreciated on a straight-line basis over its 7-year life to an estimated salvage value of 0. Mystic's marginal tax rate is 40%. Mystic will require $59 in NWC if the machine is purchased. What is the initial outlay?
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