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Results for this submission Entered Answer Preview Result 100500 100500 Wicom 2.1 2.1 incorrect At least one of the answers above is NOT correct (1

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Results for this submission Entered Answer Preview Result 100500 100500 Wicom 2.1 2.1 incorrect At least one of the answers above is NOT correct (1 point) This problem is similar to one in your textbook. Suppose that a company needs new equipment, and that the machinery in question earns the company revenue at a continuous tale of 640004 + 35000 dollars per year during the first six months of operation, and at the continuous rate of $67000 per year after the first six months. The cost of the machine is 5160000. The interest rate la 5.25% per year, compounded continuously ) Find the present value of the revenue earned by the machine during the first year of operation. Round your answer to the nearest cent Value: 100500 b) Determine how long it will take for the machine to pay for itself, that is, how long until the present value of the revenue is equal to the cost of the machine. Round your answer to the nearest hundredth Years: 2.1

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