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You are deciding whether or not to upgrade some of your firm's equipment. The current gear produces $621.88 in profit per year per unit, and

You are deciding whether or not to upgrade some of your firm's equipment. The current gear produces $621.88 in profit per year per unit, and the new gear is expected to produce $854.4 in profit per year per unit. The upgrade would cost $4,518 per unit. If the discount rate is 12.1% and the equipment is expected to operate indefinitely, what is the net present value of upgrading one unit of equipment?

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