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Oriole Manufacturing is considering the purchase of new computerized equipment. The machine costs $93500 and would generate $24200 in annual cost savings over its 5-year

Oriole Manufacturing is considering the purchase of new computerized equipment. The machine costs $93500 and would generate $24200 in annual cost savings over its 5-year life. At the end of 5 years, the equipment would have a $5500 salvage value. Orioles required rate of return is 14%. Click here to view the factor table. Using the present value tables, the machines net present value is nearest (round to the nearest dollar)

$-7562.

$121000.

$-10419.

$83081.

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