Question: need decimal answer Amazing Manufacturing, Inc, has been considering the purchase of a new manufacturing facility for $590,000. The facility is to be fully depreciated

need decimal answer
need decimal answer Amazing Manufacturing, Inc, has been considering the purchase of

Amazing Manufacturing, Inc, has been considering the purchase of a new manufacturing facility for $590,000. The facility is to be fully depreciated on a straightline basis over seven years. It is expected to have no resale value at that time. Operating revenues from the facility are expected to be $435,000, in nominal terms, at the end of the first year. The revenues are expected to increase at the inflation rate of 4 percent. Production costs at the end of the first year will be $280,000. in nominal terms, and they are expected to increase at 5 percent per year. The real discount rate is 7 percent. The corporate tax rate is 25 percent. Calculate the NPV of the project. (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.)

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