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The Baker Company is considering investing in a wind turbine to generate its own power. Any unused power will be sold back to the local
The Baker Company is considering investing in a wind turbine to generate its own power. Any unused power will be sold back to the local utility company Between cost savings and new revenues, the company expects to generate $847,000 per year in net cash inows from the turbine, The turbine would cost $44 million and is expected to have a 20-year useful life with no residual value. Calculate the NPV assuming the company uses a 14% hurdle rate. (Round your answer to the nearest whole dollar.) a (Click the icon to view the present value of an annuity table.) 3 (Click the icon to View the present value table.) a (Click the icon to view the future value of an annuity table.) a (Click the icon to view the future value table.) The NPV is
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