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Business, 23.11.2019 02:31 jdsfdujfi8572

Lo 3 chad's chocolates is considering the purchase of a new candy press. the machine under consideration costs $17,550 and would generate $2,650 in annual savings of direct labor costs over its 20-year life. at the end of 20 years, the press could be sold for $500. chad's required rate of return is 16%. what is the machine's net present value?
a) $1,813
b) $(1,813)
c) $(1,839)
d) $(1,339)

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