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Investment Timing. You can purchase an optical scanner today for $400. The scanner provides benefits worth $60 a year. The expected life of the scanner

"Investment Timing. You can purchase an optical scanner today for $400. The scanner provides benefits worth $60 a year. The expected life of the scanner is 10 years. Scanners are expected to decrease in price by 20% per year. Suppose the discount rate is 10%. (LO8-5)

Should you purchase the scanner today or wait to purchase?

When is the best purchase time? "

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