Question: You are tasked with finding the present value of a new machine project you will buy for manufacturing. The initial cost of the machine is

You are tasked with finding the present value of a new machine project you will buy for manufacturing. The initial cost of the machine is $4,250,000 and the project life is 13 years. Every year this machine should generate $610,000 in savings. Assume a 14% MARR for your company. What is the NPV?

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