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A company is considering expanding their production capabilities with a new machine that costs $79,000 and...

A company is considering expanding their production capabilities with a new machine that costs $79,000 and has a projected lifespan of 8 years. They estimate the increased production will provide a constant $10,000 per year of additional income. Money can earn 1.2% per year, compounded continuously. Should the company buy the machine over the life of 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 $_____________

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