Question: please help me solve this without excel financial calculator steps if possible Riverview Company is evaluating the proposed acquisition of a new production machine. The

 please help me solve this without excel financial calculator steps if
please help me solve this without excel
financial calculator steps if possible

Riverview Company is evaluating the proposed acquisition of a new production machine. The machine's base price is $200,000, and installation costs would amount to $28,000. Also, $10,000 in net working capital would be required at installation. The machine will be depreciated for 3 years using simplified straight line depreciation. The machine would save the firm $110,000 per year in operating costs. The firm is planning to keep the machine in place for 2 years. At the end of the second year, the machine will be sold for $100,000. Riverview has a cost of capital of 12% and a marginal tax rate of 34%. What is the NPV of the project? - $9,783 $12,155 $9,555 $19,016 $3,875

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