Janes, Inc., is considering the purchase of a machine that would cost $680,000 and would last for 9 years, at the end of which, the machine would have a salvage value of $58,000. The machine would reduce labor and other costs by $118,000 per year. Additional working capital of $4,000 would be needed immediately, all of which would be recovered at the end of 9 years. The company requires a minimum pretax return of 11% on all investment projects. What is net present value?

the correct answer is economics is a game without winners or losers.

unlike sports or games economic is a game without losers or winner rather it is a game where everyone wins. parties of business doing businesses exchange money with each other and hence exchange is done on the basis of goods. one party takes the goods and other sales it so there is winner on both sides. each party values more highly the good it gets than the good it gives up. both sides exchange only because both intend to increase their value. so there is no concept of lose or win.

was my answer wrong?

the answerr would be 1

it's d. out with the planting and harvest of the crops.