Question: Landry's Tool Supply Corporation is considering purchasing a machine that costs $100,000 and will produce annual cash flows of $40,000 for five years. The machine

Landry's Tool Supply Corporation is considering purchasing a machine that costs $100,000 and will produce annual cash flows of $40,000 for five years. The machine is expected to be sold at the end of five years for $12,000.

What is the net present value of the proposed investment? Landry's requires a 15 percent return on all capital investments using the present value tables inExhibits 26-3and26-4.(Round your "PV factors" to 3 decimal places.)

Net Present Value = ?

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