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Please Help! A company is considering expanding their production capabilities with a new machine that costs $47,000 and has a projected Lifespan of 8 years.

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A company is considering expanding their production capabilities with a new machine that costs $47,000 and has a projected Lifespan of 8 years. They estimate the increased production will provide a constant $6,000 per year of additional income Money can earn 1.4% per year, compounded continuously. What is the present value of the potential income stream generated by the new machine? S Should the company buy the machine? '5'} Yes '1} No

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