7 At the beginning of year 1, a new machine must be purchased. The cost of maintaining...

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7 At the beginning of year 1, a new machine must be purchased. The cost of maintaining a machine i years old is given in Table 5.

The cost of purchasing a machine at the beginning of each year is given in Table 6.

There is no trade-in value when a machine is replaced.

Your goal is to minimize the total cost (purchase plus maintenance) of having a machine for five years. Determine the years in which a new machine should be purchased.

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