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A company owns a 7 - year - old gear hobber that has a book value of $ 8 0 0 0 0 . The

A company owns a 7-year-old gear hobber that has a book value of $80000. The present market value of the equipment is $60000. A new gear hobber can be purchased for $450000. Using an insider's point of view (cash-flow approach), what is the net first cost of purchasing the new gear hobber?

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