Question: Q 1 ( 4 0 % ) Write a Python program that solves the problem. You could make t continuous. EXERCISE 8 . 3 A

Q1(40%) Write a Python program that solves the problem. You could make t continuous.
EXERCISE 8.3 A small manufacturing company has purchased a new machine to
manufacture its product. The company estimates that the revenues from using this
machine for t years is given by the formula:
Revenue =4.0(1.0-0.75t),
where the units are in millions of dollars. For example, if the machine is used for
t=4.0 years, the revenue would be:
Revenue =4.0(1.0-0.754)=$2.73 million.
If the company stops using the machine, they can sell the machine for its salvage
value. The company estimates that if they sell the machine after t years of use, the
machine's salvage value would be
Salvage value =1.01.0+t'
where again the units are in millions of dollars. For example, if the machine is sold
after t=4.0 years, the salvage value would be:
Salvage value =1.01.0+4.0=$0.20 million.
What is the optimal time for the company to sell the machine?
 Q1(40%) Write a Python program that solves the problem. You could

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