Question: You replace an old machine. No salvage value. The new machine costs you $7,500. With the new modern automated machine, the production rate and sales

 You replace an old machine. No salvage value. The new machine

You replace an old machine. No salvage value. The new machine costs you $7,500. With the new modern automated machine, the production rate and sales increased by 7%. The yearly benefits become $5000 for the next 5 years. The operating and maintenance cost during this period is $1000/year. No overhauling during this period. At IRR= 9%, WHAT IS YOUR NET PRESENT WORTH OF THIS NEW MACHINE? (No decimal) round it

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