show steps plz The replacement of a laser cutting machine is being considered. The best available machine on market has an estimated economic life of 12 years with anequivalent annual worth of 5-24.800. The current used machine, which was bought six years ago for $48,000, has a present market value of $4,000 with thefollowing data for the next three yearsocS per YearEstimated Market ValueYearat End of Year, S120,0003,00025,0002,50030,0002,000Select when to replace the machine, using Economic Service Life method at an interest rate of 4% per year.O a) Replace nowO b) Replace in year onec) Replace in year twod) Replace in year three

Given, Initial cost of current machine = 36000 Interest rate = 4% Operating cost = 20000 Salvage…

Answered: The replacement of a laser cutting…

Algebra & Trigonometry with Analytic Geometry

13th Edition

ISBN:9781133382119

Author:Swokowski

Publisher:Swokowski

Chapter5: Inverse, Exponential, And Logarithmic Functions

Section: Chapter Questions

Problem 9T

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