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The Lesveig Company hos an opportunity to invest in one of two mutualiy exdusive machines that will produce a product the company will need for

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The Lesveig Company hos an opportunity to invest in one of two mutualiy exdusive machines that will produce a product the company will need for the next 8 years. Machine A hos an after-tax cost of $9.83 milion but will provide aftertax inflows of $4 million per year for 4 years. If Machine A were reploced, its after tax cost would be $10.3 milion due to imhation and its aftertax cash infiows would increase to 34.1 millon due to production etficiendies. Machine 5 has an aftectax cost of $14.7 mitlion and will provide afteritax inflows: of $4,2 millon per year for 8 years. If the WACC b 8%, which machine should be acquired? Explain. Enter your answers in millions, for example, an answer of $10,550,000 should be entered as 10.55. Do not round intermediate calculations. Round your answers to two decimal places. Machine is the better project and will increase the company's value by 5 : millions, rather than the $ milions created by Machine

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