The plant manager of O'Brien Equipment Company is considering the purchase of a new robotic assembly plant. The new robotic line will cost $1,250,000. The manager believes that the new investment will result in direct labor savings of $250,000 per year for 10 years. What is the net present value, assuming a 10% rate of return? Round to the nearest whole dollar. Use the present value of an annuity of $1 table.
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