Calculate the annual worth of the chipper

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Seven years ago a New Brunswick logging company purchased a used wood chipper for $141,600 for biomass and custom chipping. Operating and maintenance costs averaged $4,100 per year. A complete overhaul at the end of year 4 cost additional $12,000. Annual revenue from using the chipper was $24,000 per year. Calculate the annual worth of the chipper at 7% interest rate

Reference no: EM13798277

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