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The U.S. Military purchased a sand bagging machine that costs $88,000 today. The military only needs the machine for five years so they have contracted

The U.S. Military purchased a sand bagging machine that costs $88,000 today. The military only needs the machine for five years so they have contracted to seel the machine to Manhattan Beach for $152,000, five years from now. a. Given an annual discount rate of 14 percent, calculate the profit the U.S. Military will make on this asset. (A loss should be indicated by a minus sign. Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) b. At what rate does the U.S. Military just break even on the machine? (Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.

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