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Required: Using a discount rate of 15 percent, calculate the net present value...

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Accounting

Required:
Using a discount rate of 15 percent, calculate the net present value (NPV) of the proposed investment. (Future Value of $1, Present
Value of $1, Future Value Annuity of $1, Present Value Annuity of $1.)
Note: Use appropriate factor(s) from the tables provided. Negative amount should be indicated by a minus sign. Enter the answer
in whole dollars.
Net present valueRequired information
[The following information applies to the questions displayed below.]
Beacon Company is considering automating its production facility. The initial investment in automation would be
$12.80 million, and the equipment has a useful life of 10 years with a residual value of $1,200,000. The company will
use straight-line depreciation. Beacon could expect a production increase of 34,000 units per year and a reduction
of 20 percent in the labor cost per unit.\table[[Periods,2%,3%,3.75%,4%,4.25%,5%,6%,7%,8%
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