(Answered) Question - sunset inc is trying to determine if they should

Accounting

Question - Sunset Inc. is trying to determine if they should invest in a new machine that would be more efficient and would general an annual profit of $100,000 (after tax).

The following estimates are available:

Initial cost $279,800

Cost of capital 12%

Estimated life 4 years

Estimated residual value $ 0

Determine the net present value of the new machine (nearest answer if using a financial calculator or Excel).

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