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Can you circle the dollar amount answer? A company is considering expanding their production capabilities with a new machine that costs $73,000 and has a

Can you circle the dollar amount answer?

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A company is considering expanding their production capabilities with a new machine that costs $73,000 and has a projected lifespan of 7 years. They estimate the increased production will provide a constant $11,000 per year of additional income. Money can earn 1.2% per year, compounded continuously. Should the company buy the machine? Yes, the present value of the machine is greater than the cost by over the life of the machine Question Help: Video

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