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Question 14 4 pts Old McDonald needs to buy a machine to assist with milking cows on his farm. The Super Milker machine will require
Question 14 4 pts Old McDonald needs to buy a machine to assist with milking cows on his farm. The Super Milker machine will require an outlay of $1.5 mil every three years forever with the first CF occurring today. The MaxDairy machine will require an outlay of $3.7 mil every two years forever with the first CF occurring in eight years' time. The Cow Lovers machine will require an outlay of $5 mil every year forever with the first CF occurring at the end of the first year. Which machine should Old McDonald purchase now if the interest rate is 12% p.a. compounded annually? Explain your decision. HTML Editora B I A - A - IX E 11 x , i TT 12pt
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