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A company's old machine has a book value of ( $ 47,500 ) and a remaining three-year useful life. The old machine could be sold

image text in transcribed A company's old machine has a book value of \\( \\$ 47,500 \\) and a remaining three-year useful life. The old machine could be sold now for \\( \\$ 26,000 \\), and the company could buy a new machine for \\( \\$ 69,000 \\). The old machine has variable manufacturing costs of \\( \\$ 34,000 \\) per year. The new machine's variable manufacturing costs would be \\( \\$ 9,500 \\) lower per year over its three-year useful life. Complete this question by entering your answers in the tabs below. Prepare an analysis of income effects to keep the old machine or replace it with the new machine. Note: Indicate amounts to be deducted with a minus sign

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