Obviously, the further into the future you look, the more uncertain are the cash flows. This problem will be offset when the future cash flows are discounted to the present. The further into the future, the bigger the discounting. This means that the present value for distant amounts will be relatively minor in amount.
Even if it is difficult to predict the near future, you could do several calculations. Each calculation would contain different assumptions. You might find that the answer will be the same under each calculation or set of assumptions.
Of course deciding to buy a new machine or to use an old one might be so obvious that the present value calculations are not necessary. For example, if your old machine is becoming unsafe, or is becoming too noisy for residents, there's little point to calculate the net present value.
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