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A paint processing machine with a first cost

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1. A paint processing machine with a first cost of _10,000$ and an annual operating cost of 7,000$ has a 3 year life with no salvage value. If the machine will be needed for 5 years, what would be the market(salvage)value of the 2 year old machine have to be for annual worth to be the same as if it is for once life scale of the machine. Use an interest rate of 10% per year. 

Reference no: EM131023496

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