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Problem 10.03 x Your answer is incorrect. Try again Crane Industries management is planning to replace some existing machinery in its plant. The cost of
Problem 10.03 x Your answer is incorrect. Try again Crane Industries management is planning to replace some existing machinery in its plant. The cost of the new equipment and the resulting cash flows are shown in the accompanying table. The firm uses an 18 percent discount rate for projects like this. Should management go ahead with the project? YearCash Flow $3,333,000 839,910 953,600 1,187,500 1,371,060 1,486,900 4 What is the NPV of this project? (Enter negative amounts using negative sign e.g. -45.25. Do not round discount factors. Round other intermediate calculations and final answer to 0 decimal places, e.g. 1,525.) The NPV is 143180 Should management go ahead with the project? The firm should the project Click if you would like to Show Work for this question: Open Sh or LINK TO TEXT Question Attempts: 1 of 2 used
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