A company is considering expanding their production capabilities with a new machine that costs $94,000 and has a projected lifespan of 10 years. They estimate the increased production will provide a constant $10,000 per year of additional income. Money can earn 1.1% per year, compounded continuously. Should the company buy the machine?

Select an answer Yes, the present value of the machine is greater than the cost by No, the present value of the machine is less than the cost by $Preview Question 6 Part 2 of 2   over the life of the machine