Sibble corporation is considering the purchase of a machine

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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?

Reference no: EM13576953

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