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Wildhorse Manufacturing is considering the purchase of a new sewing machine that costs $22800. The machine, because of its efficiency, will save about $4880 in
Wildhorse Manufacturing is considering the purchase of a new sewing machine that costs $22800. The machine, because of its efficiency, will save about $4880 in cost each year. The machine is expected to have a salvage value of $3660 and a life of 6 years. Wildhorses required rate of return is 14%. Click here to view the factor table. Using the present value tables, what is the machines net present value? (round to the nearest dollar)
$-4596
$29280
$-2156
$18300
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