Question: A machine costs $ 2 5 0 , 0 0 0 to purchase and will provide $ 6 0 , 0 0 0 a year

A machine costs $250,000 to purchase and will provide $60,000 a year in benefits. The company plans to use the machine for 12 years and then will sell the machine for scrap, receiving $15,000. The company interest rate is 10%. What is the net present worth? (The answer is NOT $163,601) Please show me how to get the answer using algebra.

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