A 500000 investment in a surface-mount placement machine is

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A $500,000 investment in a surface-mount placement machine is supposed to yeild annual savings of $92,500. It is not clear how long the machine will be used,but it is estimated that the machine's salvage value decreases at a rate of $45,000 per year. With an interest rate of 10%, determine the break-even value for this investment's duration.

Reference no: EM13587809

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