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Shamrock Inc. is considering modernizing its production facility by investing in new equipment and selling the old equipment. The following information has been collected on

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Shamrock Inc. is considering modernizing its production facility by investing in new equipment and selling the old equipment. The following information has been collected on this investment: Depreciation is $10,080 per year for the old equipment. The straight-line depreciation method would be used for the new equipment over an eight-year period with salvage value of $4,600. Calculate the net present value assuming a 15% rate of return. (Ignore income taxes.) (If the net present value is negative, use elther a negative sign preceding the number eg. 45 or parentheses eg. (45). For calculation purposes, use 5 decimal ploces as dispiayed in the factor table provided, eg. 1.25124 and final answer to 0 decimal places, eg. 5.275.) Click here to view the factor table

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