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A $500,000 investment in a surface-mount placement machine is supposed to yield annual savings of $92,500. It is not clear how long the machine will
A $500,000 investment in a surface-mount placement machine is supposed to yield annual savings of $92,500. It is not clear how long the machine will be used, but it is estimated that the machine's salvage value decreases at a rate of $45,000 per year. With an interest rate of 10%, determine the break-even value for this investment's duration.
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