Business
Business, 27.12.2019 02:31, allisonatalie9169

By installing a new injection molding machine into its assembly line, plastic molding inc. can decrease its production cost by an estimated $35,000 the first year of installment, with an additional decrease of $4,000 each year throughout the life of the equipment. it is estimated the new equipment will have a 10 years useful life and a salvage equal to 10% of its initial cost. use a nominal interest rate of 15% to calculate how much plastic molding inc. can afford to pay for the new machine

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