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O None of the above Question 26 5 pts Astor Industries plans to automate its production process. The new equipment will cost $460,000 and will

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O None of the above Question 26 5 pts Astor Industries plans to automate its production process. The new equipment will cost $460,000 and will provide net cash inflows in the form of annual cost savings of $110,000 each year for 6 years. At the end of year 6. Astor will spend $50,000 to refurbish the equipment so that it can be used for one more year. The equipment will provide cost savings of $65.000 in year 7 and will have a salvage value of $30,000 at the end of year 7. Astor uses a hurdle rate of 10% to make capital budgeting decisions. What is the net present value of this project? $24,195 0 $67.785 1539.585 13125,685 None of the above

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