Business
Business, 08.09.2021 03:00, michaelmontoya64

Almendarez Corporation is considering the purchase of a machine that would cost $200,000 and would last for 7 years. At the end of 7 years, the machine would have a salvage value of $26,000. By reducing labor and other operating costs, the machine would provide annual cost savings of $33,000. The company requires a minimum pretax return of 7% on all investment projects. (Ignore income taxes.) Click here to view Exhibit 12B-1 and Exhibit 12B-2, to determine the appropriate discount factor(s) using the tables provided. The net present value of the proposed project is closest to: (Round your intermediate calculations and final answer to the nearest whole dollar amount.)

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