Net present value of the investment of machine

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The management of Kunkel Company is considering the purchase of a $27,000 machine that would reduce operating costs by $4,200 per year. At the end of the machine's eight-year useful life, it will have zero scrap value. The company's required rate of return is 13%. (Ignore income taxes.)What is the net present value of the investment of the machine?

Reference no: EM13136170

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