Question: Future Semiconductors is evaluating a new etching tool. The equipment costs $931,000 and will generate after-tax cash inflows of $483,000 per year for six years.

Future Semiconductors is evaluating a new etching tool. The equipment costs $931,000 and will generate after-tax cash inflows of $483,000 per year for six years. Assume the firm has a 18% cost of capital. Whats the NPV of the investment?

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