You purchased a machine for $50,000, used it for 10 years, and then sold it for $5000.
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You purchased a machine for $50,000, used it for 10 years, and then sold it for $5000. It cost $2000 per year for maintenance and repairs. You made a profit of $12,000 per year from the machine's production. The MARR is 10%. What is the Net Present Worth of this operation?
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