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Question - Emotion Cosmetics is considering whether to replace one of its manufacturing machines with a new one that will increase operating income (excluding depreciation) by $14,300 per year for the next three years. The new machine costs $37,500, and it will be depreciated according to the MACRS 3-year class of assets. If the new machine is purchased, the old machine, which has a current book value equal to $8,300, will be sold for $5,000. If the old machine is kept, it will continue to be depreciated on a straight-line basis at $2,300 per year, and then it will be sold in three years for $2,000. If the new machine is purchased, Emotion plans to sell it in three years for $6,000. The firm's marginal tax rate is 40 percent, and its required rate of return is 11 percent. What is the NPV of replacing the old machine?
Mayer Corporation had sales of $24,000, cost of sales of $10,000 advertising expense of $8,500 and income tax expense of $1,500. What is gross profit
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