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Apple Company currently sells 2,500 units of its product for $100 per unit. It currently has annual fixed costs of $80,000. The variable costs are

Apple Company currently sells 2,500 units of its product for $100 per unit. It currently has annual fixed costs of $80,000. The variable costs are $60 per unit. Suppose the company can buy a new machine that will decrease its variable cost to $50 per unit but will increase its annual fixed costs by $15,000.

Give the increase (decrease) in the company's annual net income if the machine is purchased (in dollars)

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