Corin corporation is considering the purchase of a machine

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Corin Corporation is considering the purchase of a machine that would cost $420,000 and would last for 8 years. At the end of 8 years, the machine would have a salvage value of $97,000. The machine would reduce labor and other costs by $76,000 per year. The company requires a minimum pretax return of 16% on all investment projects. Round answers to the nearest dollar and use a minus sign for negative numbers.

Reference no: EM13574943

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