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Question 2 Not yet answered Marked out of 6.00 F Flag question Farming Inc. has bought a new machine and must decide what to do

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Question 2 Not yet answered Marked out of 6.00 F Flag question Farming Inc. has bought a new machine and must decide what to do with the old one. The cost of the old machine was originally $60,000, and it has been depreciated $45,000. The company has received two offers. One offer was to sell the machine outright for $20,000. less a 10% sales commission. The other offer was to lease out the equipment for $8.000 for the next five years, but the company will be required to provide machine and insurance at an estimated $4,000 per year. What offer should Farming Inc, accept? Show all calculations to get credit. Make sure you state clearly whether it should be sell or lease and why

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