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Determine the maximum price

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Problem 1: A new Wave soldering machine is expected to save Fast Circuit Boards 11,000 per year through a reduction of labour costs and increased quality. The machine has an expected life of 8 years, with zero salvage value after that time. The company can expect to get a 9 percent return on any investment. Determine the maximum price that they can afford to pay for the machine up front?

Reference no: EM132674129

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