You are thinking of building a new machine that will save you $2000 in the first year.
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You are thinking of building a new machine that will save you $2000 in the first year. The machine will then begin to wear out so that the savings decline at a rate of 4% per year forever. What is the present value of the savings if the interest rate is 3% per year?
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Related Book For 
Corporate Finance The Core
ISBN: 9781292431611
5th Global Edition
Authors: Jonathan Berk, Peter DeMarzo
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