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A new drill press costs $12,000. It would potentially produce an additional $4,000 of revenue per year and have an operating expense of $1,200. What

A new drill press costs $12,000. It would potentially produce an additional $4,000 of revenue per year and have an operating expense of $1,200. What is the PW of the drill press if the new equipment is expected to last 8 years and i = 10%?

Select one:

a. $15,534

b. $21,735

c. $14,938

d. $19,345

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