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Compute the annual equivalent cost of the machine

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Reference no: EM133100101

Question - A company needs a machine for the next seven years. The machine costs $98,499 and has an annual operating cost of $45,010. The machine has a useful life of seven years and a salvage value of $14,878. Compute the annual equivalent cost of the machine. Assume an annual interest rate of 13%.

Reference no: EM133100101

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