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3. A semiconductor manufacturer is analyzing investing in a new machine with an initial cost of $500M. The annual maintenance costs at $20M/yr. The machine
3. A semiconductor manufacturer is analyzing investing in a new machine with an initial cost of $500M. The annual maintenance costs at $20M/yr. The machine has a salvage value in year 4 of $50M. What is expected Net present worth of the machine, if the annual interest rate is 6%
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