Question: 7 3 points Dynamic - Problem and answer changes with each attempt (consider an Excel solution) Monet, Incorporated, is considering the purchase of a

7 3 points Dynamic - Problem and answer changes with each attempt (consider an Excel solution) Monet, Incorporated, is considering the purchase of a machine that would cost $ 596,473 and would last for 6 years, at the end of which, the machine would have a salvage value of $ 57,378. The machine would reduce labor and other costs by $ 124,219 per year. Additional working capital of $ 14,155 would be needed immediately, all of which would be recovered at the end of 6 years. The company requires a minimum pretax return of 0.09 on all investment projects. (Ignore income taxes.) Click here to view Exhibit 14B-1 and Exhibit 14B-2 >, to determine the appropriate discount factor(s) using the tables provided. or Use Excel NPV formula. Required: Determine the net present value of the project. (Negative amount should be indicated by a minus sign. Round your intermediate calculations and final answer to the nearest whole dollar amount.) Type your answer... -DOO

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