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Question 9 of 9 Click to see additional instructions You are considering purchasing a CNC machine. This machine will have an estimated service life of

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Question 9 of 9 Click to see additional instructions You are considering purchasing a CNC machine. This machine will have an estimated service life of 10 years with a salvage value of 15% of the investment cost. Its annual net revenues are estimated to be R85 000. To expect a 14% rate of return on investment (MARR), what would be the maximum amount that you are willing to pay for the machine? Please enter your answer rounded to the nearest rand and without spaces here R (For example, 850000. You will get full marks if you are within R50 from the actual value. )

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