Question: By purchasing a new machine, you will save $50;000 in annual savings for the first 6 years and $30,000 in the next 6 years. What

By purchasing a new machine, you will save $50;000 in annual savings for the first 6 years and $30,000 in the next 6 years. What is the maximum price you would pay today at 6% interest to purchase the new machine?

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