Question: A machine costs $ 7 0 0 , 0 0 0 to purchase and will provide $ 1 2 0 , 0 0 0 a

A machine costs $700,000 to purchase and will provide $120,000 a year in benefits.
The company plans to use the machine for 7 years and then will sell the machine for
scrap, receiving $250,000. The company interest rate is 10%. Should the machine be
purchased?
Can you please show every step so I can understand the calculations?
A machine costs $700,000 to purchase and will provide $120,000 a

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