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Your firm is looking at an optimization investment in your manufacturing facility. If you spend $2.0 million today to upgrade your machinery, you can save

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Your firm is looking at an optimization investment in your manufacturing facility. If you spend $2.0 million today to upgrade your machinery, you can save $75,000 each year on production, starting next year and continuing into perpetuity (with no growth). If your firm's interest rate is 11.0% on such projects, what is the NPV, and should they do this investment? The NPV of the optimization proposal is $. (Round to the nearest dollar.) What should your firm do? (Select the best choice below.)

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