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Pnaroan inc. manutactures snowsuits. Ynaroan is considerng purchasng a new sewing macnne at a cost...

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Accounting

Pnaroan inc. manutactures snowsuits. Ynaroan is considerng purchasng a new sewing macnne at a cost or $2.43 million. Its existing machine was purchased 5 years ago at a price of $1.8 million; six months ago, Pharoah spent $55,000 to keep it operational. The existing sewing machine can be sold today for $240,275. The new sewing machine would require a one-time, $85,000 training cost. Operating costs would decrease by the following amounts for years 1 to 7 :
\table[[Year 1,$390,600
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