The net present value of the proposed project


Sibble Corporation is considering the purchase of a machine that would cost $320,000 and would last for 5 years. At the end of 5 years, the machine would have a salvage value of $49,000. By reducing labor and other operating costs, the machine would provide annual cost savings of $74,000. The company requires a minimum pretax return of 12% on all investment projects. The net present value of the proposed project is closest to?

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Accounting Basics: The net present value of the proposed project
Reference No:- TGS0681795

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