Envi-guide Ltd., an environmental consulting firm, hopes to purchase a new machine for monitoring emission of gasses to the environment that will save approximately $15,000 per month in labour costs. The machine will last for 8 years and can then be sold for scrap for $11,500. If the value of money is 10%, compounded monthly.

What is the maximum price that the company should pay for the machine?

Answer rating: 100% (QA)

Monthly saving P 15000 Period 8 Years Number of month... View the full answer