Business, 31.03.2020 02:22 chem64

Interior Products, Inc. is evaluating the purchase of a new machine to use in its manufacturing process. The new machine would cost $ 39 comma 000 and have a useful life of 7 years. At the end of the machine's life, it would have a residual value of $ 2 comma 700. Annual cost savings from the new machine would be $ 12 comma 400 per year for each of the 7 years of its life. Interior Products, Inc. has a minimum required rate of return of 16% on all new projects. The net present value of the new machine would be closest to:

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Interior Products, Inc. is evaluating the purchase of a new machine to use in its manufacturing proc...

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