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A company is considering expanding their production capabilities with a new machine that costs $71,000 and has a projected lifespan of 7 years. They

A company is considering expanding their production capabilities with a new machine that costs $71,000 and has a projected lifespan of 7 years. They estimate the increased production will provide a constant $10,000 per year of additional income. Money can earn 1% per year, compounded continuously. Should the company buy the machine? Select an answer the machine $ over the life of

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