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Refer to the exhibit.

Refer to the exhibit.

A proposal to purchase a new packing machine contains the following estimates.

In addition it is estimated that a supervisor who is currently paid a salary of $30,000 will spend 5% of their time overseeing the operation of this machine.

The cost of capital is 16%.

The net present value (NPV) for the investment in the machine is closest to

A.

$10,876

B.

$50,181

C.

$51,627

D.

$53,550

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