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A company has decided to replace its inspection machine with an advanced one. The advanced machine costs $15,000. Use the information given in the following

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A company has decided to replace its inspection machine with an advanced one. The advanced machine costs $15,000. Use the information given in the following table and assume a MARR of 9% and the machine's service life of 4 years to determine the economic life of the new machine j S.V. Operating Costs 1 $6,000 $3,600 $5,600 2 $5,400 3 $4,860 $7,600 4 $4,374 $9,600

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