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A company owns a 6 - year - old milling machine that has a book value of $ 6 0 0 0 0 . The

A company owns a 6-year-old milling machine that has a book value of $60000. The present
market value of the equipment is $90000. A new milling machine can be purchased for $600000.
Using an outsider's point of view (opportunity-cost approach), what is the net first cost of
purchasing the new milling machine?
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