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Your firm purchased the current machine it uses to manufacture widgets 1 years ago. The machine cost $625,000 at that time. Today the machine is

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Your firm purchased the current machine it uses to manufacture widgets 1 years ago. The machine cost $625,000 at that time. Today the machine is worth $286,000. The machine could be operated for another 9 years. 9 years from now the old machine will be worth $59,000. The old machine machine generates revenues of $630,000 per year. The old machine has operating costs of $394,000 per year. The firm has a current investment in operating net working capital of $80,000. The firm is thinking about buying a new machine to replace the old machine. The new machine will cost $1,216,000. The new machine can be operated of 9 years. 9 years from now the new machine will have a salvage value of $193,000. The new machine will generate revenues of $940,000 per year. The new machine will have operating costs of $482,000. The new machine requires an investment in operating net working capital of $113,000. The tax rate is 26.0%. The CCA rate is 25%. The required rate of return is 11.6%. What is the present value of the incremental operating net working capital recovered at the end of the project

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