Question: A company is considering replacing an old machine with the following costs: Annual Cost Projected Annual Increase Notes Maintenance $4,637 $9.130 Repairs $3,183 1% The

A company is considering replacing an old machine with the following costs: Annual Cost Projected Annual Increase Notes Maintenance $4,637 $9.130 Repairs $3,183 1% The terms for the new machine will be a nominal 17% for 7 years compounded monthly. If the new machine has no maintenance or repair costs, what is the absolute maximum amount the company should pay per year for the new machine to make the investment acceptable

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