Question: Commodity Copper is considering the installation of a $ 1 , 6 5 6 , 0 0 0 production conveyor system that would generate the

Commodity Copper is considering the installation of a $1,656,000 production conveyor system that would generate the following labor cost savings over its 10-year life:Years Annual Labor Cost Savings1-2$280.000,3-5340,0006-8288,8009-10260,000a. The system will have no salvage at the end of its 10-year life, and the company uses a discount rate of 12 percent. What is the pre-tax net present value of this potential investment?Note: Round your final answer to the nearest whole dollar; use a negative sign to indicate a negative net present value.$b. Should the company make this investment based on the results of part (a)?

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