A new washer costs $15,000. The old one is fully depreciated and can be sold...
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A new washer costs $15,000. The old one is fully depreciated and can be sold for $2,000. The new washer will last 8 years and save $7,000 per year in expenses. The new washer will be depreciated on a straight line basis to zero. The tax rate is 29% and the required return is 13%. What is the NPV of this project? Answer to 2 decimals places, for example 543.12.
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