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PON Current Attempt in Progress Martinez Company is considering investing in a new dock that will cost $650,000. The company expects to use the dock

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PON Current Attempt in Progress Martinez Company is considering investing in a new dock that will cost $650,000. The company expects to use the dock for 5 years, after which it will be sold for $390,000 Martinez anticipates annual cash flows of $200,000 resulting from the new dock. The company's borrowing rate is 8%, while its cost of capital is 11% Click here to view PV tables Calculate the net present value of the dock. (Use the above table.) (Round factor values to 5 decimal places, eg, 1.25 124 and final answer to decimal places, es: 5,275.) Net present value $ 43000 Indicate whether Martinez should make the investment Martinez should accept the project

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