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A machine has a first cost of $32,000, annual costs of $5,000 and a salvage value of $10,000 after its 3-year life. Which of the

A machine has a first cost of $32,000, annual costs of $5,000 and a salvage value of $10,000 after its 3-year life. Which of the following is closest to the present worth of the machine over an extended life of 7 years? Assume an interest rate of 10%.

$36,900

$51,200

$72,300

$100,240

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