Business, 22.09.2020 22:01 morant55

To complete a project you can either buy a machine at the beginning of a 4 year period, or hire 10 employees at the beginning of a 4 year period. Employee costs (salary and benefits) are $5, 000 at the end of each month for 4 years. You can sell the machine at the end of 4 years for 20% of its original purchase price. What is the maximum price that it makes sense to pay for the machine if effective monthly interest is at j

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