You have a machine that costs 60000 now and can be sold for, Microeconomics

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You have a machine that costs 60000 now and can be sold for

Question: You have a machine that costs $60,000 now and can be sold for $25,000 in year 6. The machine costs $15,000 each year to operate and the raw materials cost $10 each unit. The machine produces 1,000 pieces each year. Using an interest rate of 11% what is the cost per piece produced?

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