The management of serpas corporation is considering the

Reference no: EM13592842

The management of Serpas Corporation is considering the purchase of a machine that would cost $150,000, would last for 4 years, and would have no salvage value. The machine would reduce labor and other costs by $39,000 per year. The company requires a minimum pretax return of 13% on all investment projects.The net present value of the proposed project is closest to: to 3 decimal places, intermediate and final answers to the nearest dollar amount.

Reference no: EM13592842

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