Question 9 A company is considering expanding their production capabilities with a new machine that costs $44,000 and has a

Question

Question 9
A company is considering expanding their production capabilities with a new machine that costs $44,000 and has a projected lifespan of 6 years. They estimate the increased production will provide a constant $7,000 per year of additional income. Money can earn 0.9% per year, compounded continuously. Should the company buy the machine?
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Kunduz · Accepted Answer

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