View Policies Current Attempt in Progress Novak Company is considering investing in a new dock that will cost $$670,000.$ The company expects to use the dock for $5$ years, after which it will be sold for $$410,000,$ Novak anticipates annual cash flows of $$220,000$ resulting from the new dock. The company's borrowing rate is $8\%,$ while its cost of capital is $11\%$ Click here to view PV tables. Calculate the net present value of the dock $($Use the above table.$)($Round factor values to $5$ decimal places, eg$.1\mathrm{.}25124$ and final answer to O decimal places, eg$.5,275)$ Net present value Indicate whether Novak should make the investment. Novak the project. Save for Later Attempts: $0$ of $1$ used Submit Answer