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A new packing machine will cost $57,000. The existing machine can be sold for $5000 now and the new machine for $7500 after its ten

A new packing machine will cost $57,000. The existing machine can be sold for $5000 now and the new machine for $7500 after its ten year useful life. If the new machine reduces annual expenses by $5000, what is the present worth at 25% for this investment?

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