LM Company is considering investing in a new project that will generate cash
inflows of $45,000 every year for the ten-year life of the project. Investing
in this new project will require the purchase of a new machine, which will cost
$200,000. The machine will have a salvage value of $15,000 at the end of ten
years, but will require a repair costing $6,000 at the end of year four and a
repair costing $10,000 at the end of year...