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The management of Penfold Corporation is considering the purchase of a machine that would cost...

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Accounting

The management of Penfold Corporation is considering the purchase of a machine that would cost $380,000, would last for 5 years, and would have no salvage value. The machine would reduce labor and other costs by $85,000 per year. The company requires a minimum pretax return of 13% on all investment projects.

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