Considering a machine which will have estimated service life

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Considering a machine which will have an estimated service life of 10 years with a salvage value of 10% of the investment cost. Its expected saving from annual operating and maintenance costs are estimated to be $60,000.To expect a 15% rate of return on investment. What would be the maximum amount that you are willing to pay for the machine?

Reference no: EM13889302

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