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Your firm will purchase a new machine. The machine costs $800,000. The machine will be operated for 6 years. The machine will have a salvage

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Your firm will purchase a new machine. The machine costs $800,000. The machine will be operated for 6 years. The machine will have a salvage value of zero at that time. The tax rate is zero! The machine will generate revenues of $360,000 per year. The machine will have operating costs of $115,000 per year. The CCA rate is 18%. The required rate of return is 8.5% compounded annually. What is the NPV of purchasing the new machine? Your answer should be accurate to two decimal places

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