Question: A machine will need to be replaced every 8 years at a present cost of $ 6 0 0 0 . How much do capital

A machine will need to be replaced every 8 years at a present cost of $6000. How much do capital would you need to have right now to pay for the machine's replacement indefinitely? (assume 4% interest). Include a cash flow diagram.
A machine will need to be replaced every 8 years

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