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Please answer and show steps. I do not understand how I am supposed to answer this question? ignment CALCULATOR MESSAGE MY INSTRUCTOR FULL SCREEN PRINTER

image text in transcribedPlease answer and show steps. I do not understand how I am supposed to answer this question?

ignment CALCULATOR MESSAGE MY INSTRUCTOR FULL SCREEN PRINTER VERSION BACK NEXT Exercise 9-2 (Part Level Submission) Sally Omar is the manager of the office products division of Crown Point Enterprises. In this position, her annual bonus is based on an appraisal of return on investment (ROI) measured as Division income - End-of-year division assets (net of accumulated depreciation). Currently, Sally is considering investing $43,368,000 in modernization of the division plant in Tennessee. She estimates that the project will generate cash savings of $6,331,000 per year for 8 years. The plant improvements will be depreciated over 8 years ($43,368,000 = 8 years = $5,421,000). Thus, the annual effect on income will be $910,000 ($6,331,000 - $5,421,000). Click here to view factor tables (a) Using a discount rate of 8 percent, calculate the NPV of the modernization project. (Round present value factor calculations to 4 decimal places, e.g. 1.2151 and final answer to 0 decimal places, e.g. 125. Enter negative amounts using either a negative sign preceding the number e.g. -45 or parentheses e.g. (45).) NPV $ LINK TO TEXT LINK TO TEXT Attempts: 0 of 3 used

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