A company is considering expanding their production capabilities with a new machine that costs $60,000 and has a projected

Question

A company is considering expanding their production capabilities with a new machine that costs $60,000 and has a projected lifespan of 6 years. They estimate the increased production will provide a constant $11,000 per year of additional income. Money can earn 1.4% per year, compounded continuously. Should the company buy the machine?

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