Your company is considering replacing it primary machine, Financial Management

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Your company is considering replacing it primary machine

Your company is considering replacing it primary machine press. Given the following information, how many years must the new machine be operational to justify replacing the old press. Provide your answer to the tenth of a year e.g. 1.5 years.

New Machine Cost: $100,000

Savings per year: $1,800

MARR: 12%

Lifetime (years) 15

Resale value 0

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Financial Management: Your company is considering replacing it primary machine

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