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A company is considering expanding their production capabilities with a new machine that costs $93,000 and has a projected lifespan of 9 years. They estimate

image text in transcribed A company is considering expanding their production capabilities with a new machine that costs $93,000 and has a projected lifespan of 9 years. They estimate the increased production will provide a constant $11,000 per year of additional income. Money can earn 1.7% per year, compounded continuously. Should the company buy the machine? Why or why not

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