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Question 4 2 pts A new washer costs $8,000. The old one is fully depreciated and can be sold for $1,000. The new washer will

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Question 4 2 pts A new washer costs $8,000. The old one is fully depreciated and can be sold for $1,000. The new washer will last 8 years and save $4,000 per year in expenses. The new washer will be depreciated on a straight line basis to zero. The tax rate is 26% and the required return is 8%. What is the NPV of this project? Answer to 2 decimals places, for example 543.12

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