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Business, 11.03.2022 03:00 madvitch6111

Almendarez Corporation is considering the purchase of a machine that would cost $120,000 and would last for 4 years. At the end of 4 years, the machine would have a salvage value of $18,000. By reducing labor and other operating costs, the machine would provide annual cost savings of $32,000. The company requires a minimum pretax return of 10% on all investment projects. Required:
The net present value of the proposed project is closest to:

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