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Calculate the initial investment from replacing an old machine with a new one using the data as shown below.

Price of the new machine = $500,000

Current market value of the old machine = $40,000

Installation and cleaning costs of the replacement project = $50,000

Accumulated depreciation of the old machine = $70,000

Original price of the old machine = $100,000

Taxes on profits = 20%

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Financial Management, Finance

Category:- Financial Management
Reference No.:- M92823724

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