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Dog Up! Franks is looking at a new sausage system with aninstalled cost of $475,000. This cost will be depreciatedstraight-line to zero over the project's 5 year life, at the end ofwhich the sausage system can be scrapped for $65,000. The sausagesystem will save the firm $145,000 per year in pretax operatingcosts, and the system requires an initial investment in net workingcapital of $28,000. If the tax rate is 24 percent and the discountrate is 12 percent, what is the NPV of this project? (Do not roundintermediate calculations and round your answer to 2 decimalplaces)
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