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A company is considering expanding their production capabilities with a newr machine that costs $34,000 and has a projected Lifespan of 6 years. They estimate
A company is considering expanding their production capabilities with a newr machine that costs $34,000 and has a projected Lifespan of 6 years. They estimate the increased production will provide a constant $6,000 per year of additional income. Money can earn 0.?55 per year, compounded continuously. Should the company buy the machine? Select an answer V 5' over the life of the machine
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