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A machine costs $400 today and it provides benefits worth $250 a year. The expected life of the machine is 4 years. The price of

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A machine costs $400 today and it provides benefits worth $250 a year. The expected life of the machine is 4 years. The price of the machine is expected to decrease by 10% per year. The discount rate is 13%. Which year should you purchase the machine? 1 2 3 4

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