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Raleigh Research, a taxpaying entity, estimates that it can save $ 25 comma 000 a year in cash operating costs for the next 9 years

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Raleigh Research, a taxpaying entity, estimates that it can save $ 25 comma 000 a year in cash operating costs for the next 9 years if it buys a special-purpose eye-testing machine at a cost of $ 100 comma 000. No terminal disposal value is expected. Raleigh Research's required rate of return is 12%. Assume all cash flows occur at year-end except for initial investment amounts. Raleigh Research uses straight-line depreciation. The income tax rate is 33 % for all transactions that affect income taxes. Requirement 1. Calculate the following for the special-purpose eye-testing machine: Net present value (NPR) (Round interim calculations and your final answers to the nearest whole dollar. Use a minus sign or parentheses for a negative net present value.) The net present value is $

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