Question: You can continue to use your less efficient machine at a cost of $ 9 , 4 0 0 annually. Alternatively, you can purchase a

You can continue to use your less efficient machine at a cost of $9,400 annually. Alternatively, you can purchase a more efficient machine for $13,400 plus $6,400 annual maintenance. If the new machine lasts 5 years and the cost of capital is 15%, you should

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