How much can we afford to invest to overhaul machine

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Question: If a certain machine undergoes a major overhaul now, its output can be increased by 20% - which translates into additional cash flow of $20,000 at the end of each year for five years. If annual interest rate is 15%, how much can we afford to invest to overhaul this machine? The response must be typed, single spaced, must be in times new roman font (size 12) and must follow the APA format.

Reference no: EM131845297

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