Dynamic - Problem and answer changes with each attempt (consider an Excel solution) Monet, Incorporated, is considering

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Dynamic - Problem and answer
changes with each attempt (consider an Excel
solution)
Monet, Incorporated, is considering the purchase of a machine
that would cost $ 562,029 and would last for 6 years, at the end of
which, the machine would have a salvage value of $ 67,279. The
machine would reduce labor and other costs by $ 121,965 per year.
Additional working capital of $ 10,774 would be needed immediately,
all of which would be recovered at the end of 6 years. The company
requires a minimum pretax return of 0.10 on all investment
projects. (Ignore income taxes.)
Click here to view Exhibit 14B-1 and Exhibit
14B-2, to determine the appropriate discount factor(s) using the
tables provided.
or Use Excel NPV formula.
Required:
Determine the net present value of the
project. (Negative amount should be indicated by a
minus sign. Round your intermediate calculations and final answer
to the nearest whole dollar amount.)