Question: Your buddy in mechanical engineering has invested a machine. It takes one year for the machine to manufacture $900 worth of goods. Once built, the

Your buddy in mechanical engineering has invested a machine. It takes one year for the machine to manufacture $900 worth of goods. Once built, the machine will last forever and will require no maintenance. The machine will take one year to build and will cost $9,000 today. If the interest rate is 11%, the NPV of the machine is $Answer . (Round to the nearest dollar.)

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