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What is the maximum amount the company should pay

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Reference no: EM132977542

Question - The controller at Bolden has determined that the company could save $6,000 per year in engineering costs by purchasing a new machine. The new machine would last 12 years and provide the aforementioned annual monetary benefit throughout its entire life. Assuming the interest rate at which Bolden purchases this type of machinery is 9%, what is the maximum amount the company should pay for the machine?

Reference no: EM132977542

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