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The management of Opry Company, a wholesale distributor of suntan products, is considering the purchase of a $41,000 machine that would reduce operating costs in its warehouse by $5,800 per year. At the end of the machine's 10-year useful life, it will have no scrap value. The company's required rate of return is 10%.

Required: 1.Determine the net present value of the investment in the machine. (Negative amount should be indicated by a minus sign. Round discount factor to 3 decimal places, other intermediate calculations and final answer to the nearest whole dollar.)

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M9970644

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