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Look if your principal is prepared to consider a $40k machine, I'd say go for it.
From my perspective what I'm hearing is a desire, by the principal, to market your school's "technology curriculum" as being something a lot more than a hobby scale.
In terms of justifying the expense, you could perhaps include CNC cutting of a shape as part of a module on "coding" undertaken as part of the Science, Maths or Arts curriculums.
Don't forget to also budget for dust collection.
When I pitched the machines to him, he used the example of the electronic lock system that was installed at school a few years ago. It turned out to be a giant waste of money. Since then, we've had a new electronic system installed that is fantastic. I'd say he's prepared to do it right the first time, which brings me to the Woodman CNC. They seem comparable to the Multicam in size and features but at almost half the cost. I just can't seem to find much online info about them. He's asked me to find out which one will be suitable and then give my recommendation.