The manager of a T-shirt company is considering investing in a new embroidery machine that would cost
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The manager of a T-shirt company is considering investing in a new embroidery machine that would cost $8,500, and the depreciation rate is 6.5% per year. The expected increase in next year’s revenue as a result of the investment would be $1,500. For what values of the interest rate should the company make this investment?
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