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Dog Up! Franks is looking at a new sausage system with aninstalled cost of $495,000. This cost will be depreciatedstraight-line to zero over the project’s five-year life, at the endof which the sausage system can be scrapped for $73,000. Thesausage system will save the firm $149,000 per year in pretaxoperating costs, and the system requires an initial investment innet working capital of $30,000.If the tax rate is 23 percent and the discount rate is 11percent, what is the NPV of this project? (Do not roundintermediate calculations and round your answer to 2 decimalplaces, e.g., 32.16.)
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