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The management of Kimco is evaluating replacing their large mainframe computer with a modern network system that. requires much less office space. The network would

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The management of Kimco is evaluating replacing their large mainframe computer with a modern network system that. requires much less office space. The network would cost $522,447.00 (including installation costs) and due to efficiency gains, would generate $128,693.00 per year in operating cash flows (accounting for taxes and depreciation) over the next five years. The old mainframe has a remaining book value of $40,146.00 and would be immediately donated to a charity for the tax benefit. Kimco's cost of capital is 8.00% and the tax rate is 36.00%. What is the NPV for this project? Answer format: Currency: Round to: 2 decimal places

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