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A cannery is considering installing an automatic case - sealing machine to replace current hand methods. If they purchase the machine for $ 5 0
A cannery is considering installing an automatic
casesealing machine to replace current hand
methods. If they purchase the machine for $
in June, at the beginning of the canning season, they
will save $ per month for the months each year
that the plant is in operation. Maintenance costs of
the casesealing machine are expected to be negli
gible. The casesealing machine is expected to be
useful for five annual canning seasons and then will
have no salvage value. What is the payback period?
MARR percent per year compounded monthly
PLEASE SHOW EQUATIONS USED
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