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Cola Co., is a glass bottle manufacturer. The machine to produce glass bottles has a remaining useful life of 8 years. The machine broke down

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Cola Co., is a glass bottle manufacturer. The machine to produce glass bottles has a remaining useful life of 8 years. The machine broke down last year costing the company $60,000 in repairs. The old machine needs additional repairs that would cost $65,000. A new bottle producing machine just entered the market. It has a purchase price of $150,000 with a useful life of 8 years. It would reduce operating expenses by $10,000 per year. The old machine could be sold for $50,000 if they purchase the new machine. What is the total cumulative increase or decrease of net income over the eight year period if they purchase the new machine? If there is a decrease to Net Income, enter as a negative number

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