Consider 13-29 involving Thomas Martin.When,if atall,

Chapter , Problem 13-30

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Consider 13-29 involving Thomas Martin.When,if atall, shouldthe old machinerybe replacedwith the new, given the following changes in thedata. The old machine retains only 70% of its valuein the market from year to year. The yearly costs ofthe old machine were $3000 in Year 1 and increaseat 10% thereafter

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