A certain machine will cost 50000 to purchase will have a, Ask an Expert

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A certain machine will cost $50,000 to purchase, will have a six-year life, and $5,000 salvage value. It will be updated in year 4 at a cost of $15,000. Its annual operating cost is expected to be $30,000 per year. At an inflation rate of 5% per year and a real interest rate of 10% per year, the present worth of the machine is closest to? please show work

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Business Economics, Economics

Category:- Business Economics
Reference No.:- M91844052

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