A firm is considering the purchase of a machine which will

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A firm is considering the purchase of a machine which will cost $30,000. It is estimated that the annual savings of $6,000 will result from the machine's installation, that the life of the machine will be five years. It has a residual value of $1,500. Assuming the required rate of return to be 10 per cent, what action would you recommend?

Reference no: EM13599575

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