Question: You can purchase an optical scanner today for $ 4 4 0 . The scanner provides benefits worth $ 8 0 a year. The expected

You can purchase an optical scanner today for $440. The scanner provides benefits worth $80 a year. The expected life of the scanner is 10 years. Scanners are expected to decrease in price by 30% per year. Suppose the discount rate is 14%. When is the best time to purchase the scanner? (Round your answer to the nearest cent.)

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