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The following data pertain to an investment that is being considered by the management of Hanson Company: Discount rate 10% Life of the project 4

The following data pertain to an investment that is being considered by the management of Hanson Company:

Discount rate 10%
Life of the project 4 years
Cost of the investment $45,965
Annual cost savings 14,500
Salvage value 2,900

The net present value of the proposed investment is (Round your intermediate calculations to 3-decimals and your present value calculations to the nearest dollar amount.):

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