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5. A machine can be repaired today for $2,000. If repairs are not made, the operating expenses will increase by $200 each year for the
5. A machine can be repaired today for $2,000. If repairs are not made, the operating expenses will increase by $200 each year for the next 5 years. Assume that the expenses will occur at the end of each year and that the machine will have no value under either alternative at the end if the 5-year period. The minimum acceptable rate of return is12%. Compare the present worth of the two alternatives
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