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Your boss has asked you to evaluate the economic viability of refinancing a loan on your plant's process equipment. The original loan of $ 6
Your boss has asked you to evaluate the economic viability of refinancing a loan on your plant's process equipment. The original loan of $ was for years. The payments are monthly and the nominal interest rate on the current loan is per year. As of the present time, your company has had the loan for months. The new loan would be for the current balance ie the balance at the end of the month on the old loan with monthly payments at a nominal interest rate of per year for years. A onetime financing fee for the new loan is $ Your company's MARR is per year on a nominal basis. Determine if the new loarr is economically advantageous.
The present worth of the difference between the original financing plan and the new proposed financing plan is $Round to the nearest dollar.
The new loan should not be recommended.
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