Help Save & Exit Su The management of Penfold Corporation is considering the purchase of...
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Help Save & Exit Su The management of Penfold Corporation is considering the purchase of a machine that would cost $430,000 would last for 5 years, and would have no salvage value. The machine would reduce labor and other costs by $95,000 per year. The company requires a minimum pretax return of 13% on all investment projects. Click here to view Exhibit 12B-1 and Exhibit 12B-2. to determine the appropriate discount factor(s) using the tables provided. 19 The net present value of the proposed project is closest to (Ignore income taxes.): Multiple Choice
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