Your company is considering the purchase of some cadd


Your company is considering the purchase of some CADD equipment. The initial cost of the equipment will be $152,000 and it will have a six year useful economic life. It is estimated that this equipment will save your company $53,000 per year, with a resale value of $21,000 at the end of its life. Use the annual worth method to determine if the equipment should be purchased at an interest rate of 12%?

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Business Economics: Your company is considering the purchase of some cadd
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