The management of Penfold Corporation is considering the purchase of a machine that would cost $350,000, would last for 5 years, and would have no salvage value. The machine would reduce labor and other costs by $82,000 per year. The company requires a minimum pretax return of 12% on all investment projects ...
The net present value of the proposed project is closest to (Ignore income taxes.):
$ (43,050)
$ (65,730)
$ (34,390)
$ (54,390)
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