Evaluate the purchase of a new or used cutting machine that needs to last you for 10 years! Use i = 8%

	New Machine	Used Machine
Purchase price, $	- 20,000	- 10,000
Annual Maintenance, $/year	- 750	- 1000
Resale Value, $	4000	4000
Life, year	10	5

Pw_new = $ -

Pw_used = $ -

Select machine.