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A company is operating an old machine that is expected to produce a cash inflow of $5,000 in each of the next 3 years before

A company is operating an old machine that is expected to produce a cash inflow of $5,000 in each of the next 3 years before it fails. It can be replaced now with a new machine cost $20,000 but is much more efficient and will provide a cash flow of $10,000 a year for 4 years. What would you do? What benefits and costs are there? Explain why you made these assumptions and considerations

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