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Sigma Gama is considering replacing the existing machine with a more efficient machine. The new machine costs $ 1 1 5 6 6 3 and
Sigma Gama is considering replacing the existing machine with a more efficient machine. The new machine costs $ and requires $ in installation costs. The old machine was purchased years ago for an installed cost of $ and can be sold for $ net of any removal costs today. Both machines are depreciated under the MACRS year recovery schedule. The firm is in percent marginal tax rate. Calculate the initial investment required for the new machine.Note: use one decimal place. Insert numbers only. Refer to the MACRS table in the slides.
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