What is the equivalent annual cost of the machine note the
A machine costs $850,000. It is expected to last 3 years (before replacement). It costs $11,000 annually to operate the machine.
What is the equivalent annual cost of the machine? Note: the required rate of return will be 9%.
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a machine costs 850000 it is expected to last 3 years before replacement it costs 11000 annually to operate the
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