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Suppose a machine has a current resale price of $5000 and an annual operating and maintenance cost of $1000. Each additional year thereafter, the operating and maintenance cost increases by four hundred and the resale value falls by thirty percent per year. The firm has a MARR of 11%. Using marginal analysis, find the cost of keeping the machine for its fourth year of service. The answer is with $20 of

Question 8 options:

2824

2864

2904

2944

2984

None of the above