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You are operating an old machine that will last 2 more years before it dies. It costs $ 1 4 , 0 0 0 per
You are operating an old machine that will last more years before it dies. It costs $ per year to operate. You can replace it with a new machine that costs $ but is much more efficient with $ per year in operating costs and will last years. Should you replace now or wait? The opportunity cost of capital is
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