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Larson Manufacturing is considering purchasing a new injection-molding machine for $380,000 to expand its production...

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Accounting

Larson Manufacturing is considering purchasing a new injection-molding machine for $380,000 to expand its production capacity. It will cost an additional $10,000 to do the site preparation. With the
new injection-molding machine installed, Larson Manufacturing expects to increase its revenue by $95,000 per year. The machine will be used for six years, with an expected salvage value of $74,000. At an
interest rate of 11%, would the purchase of the injection-molding machine be justified?
Click the icon to view the interest factors for discrete compounding when i=11% per year.
The present worth of the project is $,.(Round to the nearest dollar.)
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