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Factor Company is planning to add a new product to its line. To manufacture this product, the company needs to buy a new machine at

Factor Company is planning to add a new product to its line. To manufacture this product, the company needs to buy a new machine at a $483,000 cost with an expected four-year life and a $20,000 salvage value. Additional annual information for this new product line follows. (PV of $1, FV of $1, PVA of $1, and FVA of $1)
Note: Use appropriate factor(s) from the tables provided.
\table[[Sales of new product,$1,980,000
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