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A company is considering a new packaging machine.The initial cost is $10,000 and we would save $4,000 per year in labor costs.If our MARR is

A company is considering a new packaging machine.The initial cost is $10,000 and we would save $4,000 per year in labor costs.If our MARR is 12% and our projects must have a 3-year discounted payback period, should we purchase this packaging machine?

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