The management of Penfold Corporation is considering the purchase of a machine that would cost $320,000, would last for 6 years, and would have no salvage value. The machine would reduce labor and other costs by $62,000 per year. The company requires a minimum pretax return of 12% on all investment projects. Click here to view Exhibit 128-1 and Exhibit 128-2, to determine the appropriate discount factor (s) using the tables provided The net present value of the proposed project is closest to (ignore income taxes.) : Multiple Choice O$ (65,118) O$ (8.118) $ (127118) O$319,997)
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