Determine the number of souvenir coins

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Reference no: EM131809531

Determine the number of souvenir coins that must be sold per year to justify the purchase of a $6000 stamping machine. Each coin will be sold for $5.00 and cost $1.50 to manufacture. The machine will have little or no salvage value at the end of its 4-year useful life. Use an interest rate of 8%.

Reference no: EM131809531

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