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A new piece of equipment that your plant needs costs $250,000. You want to purchase an option that will allow you to buy the machine

A new piece of equipment that your plant needs costs $250,000. You want to purchase an option that will allow you to buy the machine up to 1 year from now. What is the maximum amount your company should pay for the option if your MARR is 20%

a)$ 38,333

b)$ 45,000

c)$ 50,000

d)$ 41,667

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