Question: ABC Service can purchase a new assembler for $25,509 that will provide an annual net cash flow of $7,500 per year for five years, in

ABC Service can purchase a new assembler for $25,509 that will provide an annual net cash flow of $7,500 per year for five years, in the fifth year the assembler will be sold as junk for $750. Calculate the net present value of the assembler if the required rate of return is 12%. (Round your answer to the nearest $10.)

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