Consider Example 11.4 again. Suppose that there is another machine Y which costs Rs 8,000. It requires

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Consider Example 11.4 again. Suppose that there is another machine Y which costs Rs 8,000. It requires maintenance cost equal to Rs 200 in the first year, which increases by Rs 400 in each succeeding year. Assuming that other conditions are same, determine the optimal replacement time for machine Y. If a choice is to be made between X and Y, which one would be preferred?

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