Problem
Determine the number of souvenir coins that must be sold per year to justify the purchase of a $6000 stamping machine. Each coin will be sold for $5.00 and cost $1.50 to manufacture. The machine will have little or no salvage value at the end of its 4-year useful life. Use an interest rate of 8%.
The response should include a reference list. Double-space, using Times New Roman 12 pnt font, one-inch margins, and APA style of writing and citations.