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Pioneer is replacing an old machine that cost $ 8 0 , 0 0 0 5 years ago with a new machine that will cost

Pioneer is replacing an old machine that cost $80,0005 years ago with a new machine that will cost $225,000. Shipping and installation will cost an additional $20,000. The old machine has a book value of $15,000 but will be sold as scrap for $5,000. Due to the increased sales, there is a need to finance $8,000 of additional inventory and $10,000 of additional accounts receivables. Accounts payable will provide $6,000. If the ordinary income tax rate is 40% and the capital gains tax rate is 30%, what is the NINV?

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