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(25 Pts.) 9. Compute the present worth of a machine that costs $55,000 and has an 8-year life with a $10,000 salvage value. The operating

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(25 Pts.) 9. Compute the present worth of a machine that costs $55,000 and has an 8-year life with a $10,000 salvage value. The operating costs of the machine are expected to be $10,000 in year 1 and $11,000 in year 2, with amounts increasing by 10% per year thereafter. Use an investment rate of 15% per year

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