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14. You are operating an old machine that is expected to produce a cash inflow of $4,200 each of the next 3 years before

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14. You are operating an old machine that is expected to produce a cash inflow of $4,200 each of the next 3 years before it fails. You can replace it now with a new machine that costs $18,000 but is much more efficient and will provide a cash flow of $10,000 a year for 8 years. Should you replace your equipment now? Why? The discount rate is 15%. (round your final answer to 2 decimals)

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