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You are considering purchasing a new machine for your manufacturing business. The mochine will improvo officiency and you expect it to savo you $2,000 by

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You are considering purchasing a new machine for your manufacturing business. The mochine will improvo officiency and you expect it to savo you $2,000 by the end of the first year affer it is installed. The machine will then begin to wear out and you estimate that the savings will decrease 3% per year indefinitely. If the discount rate is 10, what is the most you can pay to acquire that machine and still experience savings in present value lerms? 101 and LO4 \begin{tabular}{|l|} $14.628.79 \\ $20.000.00 \\ $28.571.43 \\ \hline$15.384.62 \\ \hline \end{tabular}

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