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Evaluate, using the net present value method for buying new or keeping the old, whether to purchase the new equipment or overhaul the old equipment. (Hint: For the old machine, the initial investment is the cost of the overhaul. For the new machine, subtract the salvage value of the old machine to determine the initial cost of the investment.)\
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Evaluate, using the net present value method for buying new or keeping the old, whether to purchase...
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