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x Your answer is incorrect. Try again. Swifty Corporation is considering the purchase of a new bottling machine. The machine would cost $220,266 and has

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x Your answer is incorrect. Try again. Swifty Corporation is considering the purchase of a new bottling machine. The machine would cost $220,266 and has an estimated useful life of 8 years with zero salvage value. Management estimates that the new bottling machine will provide net annual cash flows of $37,800. Management also believes that the new bottling machine will save the company money because it is expected to be more reliable than other machines, and thus will reduce downtime. Assume a discount rate of 9%. Click here to view PV table. Calculate the net present value. (If the net present value is negative, use either a negative sign preceding the number e.g.-45 or parentheses e.g. (45). For calculation purposes, use 5 decimal places as displayed in the factor table provided. Round present value answer to o decimal places, e.g. 125.) Net present value 11050 How much would the reduction in downtime have to be worth in order for the project to be acceptable? (Round answer to 0 decimal places, e.g. 125.) 1996.4

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