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Bailey, Inc., is considering buying a new gang punch that would allow them to produce circuit boards more efficiently. The punch has a first cost

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Bailey, Inc., is considering buying a new gang punch that would allow them to produce circuit boards more efficiently. The punch has a first cost of $70,000 and a useful life of 15 years. At the end of its useful life, the punch has no salvage value. Annual labor costs would increase $1,500 using the gang punch, but annual raw material costs would decrease $10,000. MARR is 4%/year. Part a Your answer is incorrect. Round entry to What is the future worth of this investment? $ nearest dollar. The tolerance is 2

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