A small manufacturing firm is considering purchasing a new machine to modernize one of its current production
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The firm always has another option: leasing a machine at $3,000 per year, which is fully maintained by the leasing company. After four years of use, the salvage value for machine B will remain at $1,000.
(a) How many decision alternatives are there?
(b) Which decision appears to be the best at i = 10%?
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