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OptiLux is considering investing in an automated manufacturing system. The system requires an initial investment of $ 6 . 0 million, has a 2 0

OptiLux is considering investing in an automated manufacturing system. The system requires an initial investment of $6.0 million, has a 20-year life, and will have zero salvage value. If the system is implemented, the company will save $800,000 per year in direct labor costs. The company requires a 10% return from its investments. (PV of $1, FV of $1, PVA of $1, and FVA of $1)(Use appropriate factor(s) from the tables provided.)
a. Compute the proposed investments net present value.

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