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One year ago, your company purchased a machine used in manufacturing for $95,000. You have learned that a new machine is available that offers many

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One year ago, your company purchased a machine used in manufacturing for $95,000. You have learned that a new machine is available that offers many advantages and you can purchase it for $170,000 today. It will be depreciated on a straight-line basis over 10 years and has no salvage value. You expect that the new machine will produce a gross margin (revenues minus operating expenses other than depreciation) of $50,000 per year for the next 10 years. The current machine is expected to The NPV of replacing the year-old machine is $ (Round to the nearest dollar.)

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