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Quinn Industries is considering the purchase of a machine that would cost $440,000 and would last for 8 years. At the end of 8 years,
Quinn Industries is considering the purchase of a machine that would cost $440,000 and would last for 8 years. At the end of 8 years, the machine would have a salvage value of $93,500. The machine would reduce labor and other costs by $70,000 per year. The company requires a minimum pretax return of 17% on all investment projects. (Ignore income taxes.) Required Provide your Excel input and the final net present value amount you calculated. (If a variable is not used in the calculation, input a zero (0). Omit the "S" and "%" signs in your response.) Round your answer to the nearest dollar and use a minus sign for negative numbers. Excel input: Rate Nper PMT PV FV Net Present Value (NPV)
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