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(IN EXCEL PLEASE/ With formulas shown) Engineering economics A firm is considering purchasing a machine that costs $65000. It will be used for six years,

(IN EXCEL PLEASE/ With formulas shown) Engineering economics

A firm is considering purchasing a machine that costs $65000. It will be used for six years, and the salvage value at that time is expected to be zero. The machine will save $35000 per year inlabor, but it will incur $12000 in operating and maintenance costs each year. The machine will be depreciated according to five-year MACRS. The firm's tax rate is 40%, and its after-tax MARR is 15%. Should the machine be purchased?

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