Question: Office equipment will last for only three more years. The office equipment costs $30,000 per year to maintain. For $50,000 you can buy new office

Office equipment will last for only three more years. The office equipment costs $30,000 per year to maintain. For $50,000 you can buy new office equipment that will last for six years and should require maintenance of $20,000 per year. If the discount rate is 6% per year, should you replace the office equipment?

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