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16 A manufacturer is considering buying a new machine that costs $10,500. The machine is projected to produce an additional $3,500 in cash inflows for

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A manufacturer is considering buying a new machine that costs $10,500. The machine is projected to produce an additional $3,500 in cash inflows for six years. All cash flows occur at year-end. The manufacturer plans to borrow $16,000 at a 15% interest rate in order to purchase the machine. Use the table below to determine break-even time for this machine: A. Break-even time is between two and three years. B. Break-even time is between three and four years. C. Break-even time is between five and six years. D. This project will never break-even. E. Break-even time is between four and five years

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