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V. A machine is purchased for $100,000. Its market value decreases by $20,000 at the end of year 1 and then decreases by $5000 for
V. A machine is purchased for $100,000. Its market value decreases by $20,000 at the end of year 1 and then decreases by $5000 for each additional year. Operational and maintenance costs start at $11000 at the end of year 1 and increase by $2000 each year after that. Determine after how many years the machine should be replaced. MARR = 10%. (You must first find the annual cost for each year that the machine is kept)
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