Question: please solve it by using excel (i put the solution) 7.23 You are considering a CNC machine. This machine will have an estimated service life

please solve it by using excel

(i put the solution)

7.23 You are considering a CNC machine. This machine will have an estimated service life of 10 years with a salvage value of 10% of the investment cost. Its expected savings from annual operating and maintenance costs are estimated to be $60,000. To expect a 15% rate of return on investment, what would be the maximum amount that you are willing to pay for the machine? P+60000[0.15[1+a.15]1c[1+0.15]1c1]+0.1P[1+0.15]1c P=$308758.1467

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