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Paul Restaurant is considering the purchase of a $9,600 souffl maker. The soufl maker has an economic life of 5 years and will be fully

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Paul Restaurant is considering the purchase of a $9,600 souffl maker. The soufl maker has an economic life of 5 years and will be fully depreciated by the straight-line method. The machine will produce 1,900 souffls per year, with each costing $2.80 to make and priced at $4.75. The discount rate is 12 percent and the tax rate is 25 percent. What is the NPV of the project? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) orugt709 NPV Should the company make the purchase? Yes No

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