Question: You can continue to use your less efficient old machine with a maintenance cost of $ 8 , 0 0 0 annually for the next

You can continue to use your less efficient old machine with a maintenance cost of $8,000 annually for the next five years (no initial cost). Alternatively, you can purchase a more efficient new machine for $12,000 initial cost today, plus $5,000 annual maintenance cost with the same 5 years life. At a cost of capital of 15%, you should:
You can continue to use your less efficient old machine with

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