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You can purchase an optical scanner today for $600. The scanner provides benefits worth $95 a year. The expected life of the scanner is 10

You can purchase an optical scanner today for $600. The scanner provides benefits worth $95 a year. The expected life of the scanner is 10 years. Scanners are expected to decrease in price by 30% per year. Suppose the discount rate is 11%. When is the best time to purchase the scanner? (Round your answer to the nearest cent.)

NPV is maximized when you wait ______ years to purchase the scanner. At this date NPV will be equivalent to $______ today.

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