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Vaughn Corporation, which operates an amusement park, is considering a capital irmestment in a new ride. The ride would cost $128,000 and have an estimated

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Vaughn Corporation, which operates an amusement park, is considering a capital irmestment in a new ride. The ride would cost $128,000 and have an estimated useful life of 5 years. The park will sell it for $65,000 at that time. (Amusement parks need to rotate rides to keep people interested) The ride will be expected to increase net annual cash flows by $23,000, The company's borrowing rate is 8% its cost of capital is 10%. Click here to view the factor table Calculate the net present value of this project to the company. Of the net present value is negative, use eicher a negative sign preceding the number es. -45 or parentheses es. (45). For calculation purposes, use 5 decimal places as disployed in the factor table provided, es 1.25124. Round present value answer to 0 decimal places, es 125J

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