Cullumber Industries management is planning to replace some existing machinery in its plant. The cost of the new equipment and the resulting cash flows are shown in the accompanying table. The firm uses an 18 percent discount rate for projects like this. Year 0 1 2 3 4 5 Cash Flow -$3,505,700 831,310 1,013,300 1,233,700 1,283,660 1,512,800 What is the NPV of this project? (Enter negative amounts using either a negative sign preceding the number e.g. -45 or parentheses e.g.
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Cullumber Industries management is planning to replace some existing machinery in its plant. The cost of the new equipment and the resulting cash flows are shown in the accompanying table. The firm uses an 18 percent discount rate for projects like this. \table[[Year, Cash Flow ], [0, $3,505, 700
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