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Business, 15.04.2020 03:56 iamasia06

A new medical instrument costs $50,000. Operating, maintenance, and repair costs are $10,000 for the first year, $25,000 for the second year, $40,000 for the third year, and $55,000 for the fourth year. The minimum attractive rate of return is 10%. Company policy is to replace the instrument when it is three years old.
The highest price that the company should be willing to pay for a one-year-old instrument is most nearly .

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A new medical instrument costs $50,000. Operating, maintenance, and repair costs are $10,000 for the...
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