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Mini Inc. is contemplating a capital project costing $538,500. The project will provide annual cost...

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Accounting

Mini Inc. is contemplating a capital project costing $538,500. The project will provide annual cost savings of $85,000 for 20 years and have a salvage value of $70,000. The company's required rate of return is 15%. The company uses straight-line depreciation. What is the present value of this investment rounded to the nearest whole dollar?

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