Question: Problem ( algorithmic ) : Larson Manufacturing is considering purchasing a new injectionmolding machine for ( $ 3 0 0 , 0 0

Problem (algorithmic): Larson Manufacturing is considering purchasing a new injectionmolding machine for \(\$ 300,000\) to expand its production capacity. It will cost an additional \(\$ 52,000\) to do the site preparation. With the new injection-molding machine installed, Larson Manufacturing expects to increase its revenue by \$70,000 per year. The machine will be used for six years, with an expected salvage value of \(\$ 64,000\). At an interest rate of \(10\%\), would the purchase of the injection-molding machine be justified?
Problem ( algorithmic ) : Larson Manufacturing is

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