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Please doelaborateThumbs up if rightThank you! Ilana Industries, Inc., needs a new lathe. It can buy a new high-speed lathe for ( $ 0.95 )

Please doelaborateThumbs up if rightThank you! Ilana Industries, Inc., needs a new lathe. It can buy a new high-speed lathe for \( \$ 0.95 \) million. The lathe will cost \( \$ 36,500 \) to run, will save the firm \( \$ 115,200 \) in labour costs, 2 answers

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