A currently used machine costs $10,000 annually to run. What is the maximum that should...
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Accounting
A currently used machine costs $10,000 annually to run. What is the maximum that should be paid to replace the machine with one that will last 4 years and will cost only $3,500 annually to run? The opportunity cost of capital is 15%. The maximum amount that should be paid is: $ Number (please round your final result to 2 decimals, but keep as many decimals as possible during calculation)
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