Question: Question 23 6 points Save Answer Cheer Corp. produces flavored tonic syrup used in mixers for specialty drinks. The companies latest recipe is for an

 Question 23 6 points Save Answer Cheer Corp. produces flavored tonic

Question 23 6 points Save Answer Cheer Corp. produces flavored tonic syrup used in mixers for specialty drinks. The companies latest recipe is for an espresso tonic which mixes tonic water and coffee for what they hope will be the new popular drink of the summer. If they are going to pursue this new tonic syrup line, they will need to buy a commercial grade espresso machine, and are trying to determine if is is worth spending the $350,000 on the machine. The company estimates that operating cash flows from the new tonic syrup line would be $100,000 a year for four year. To start production, the company would need to spend $30,000 in working capital. At the end of four years, the company could sell the espresso machine for $125,000. The company requires a 17% return on all new investments. What is the NPV of this investment? Round your answer to two decimal places. If your answer is positive, do not include the "+" sign. If your answer is negative, include the "-" sign

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