A company is considering expanding their production capabilities with a new machine that costs $88,000 and has a projected lifespan of 9 years. They estimate the increased production will provide a...

A company is considering expanding their production capabilities with a new machine that costs $88,000 and has a projected lifespan of 9 years. They estimate the increased production will provide a constant $11,000 per year of additional income. Money can earn 1.8% per year, compounded continuously. Should the company buy the machine?