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An asset purchased four years ago for $35,000 can be replaced by a new type of...

An asset purchased four years ago for $35,000 can be replaced by a new type of equipment. The market value of the old machine is currently $15,000 and will be $10,000, $8,000, $6,000, $2,000, and $0 at the end of each of the next five years. The annual operating costs (AOC) for each of the next five years will be $3,000, $3,200, $3,500, $4,000, and $5,000. How much longer should the defender be kept, if the MARR is 10%?

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