What is the equivalent annual cost

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Reference no: EM13284441

A precision lathe costs $14,000 and will cost 24,000 a year to operate and maintain. If the discountr rate is 12% and teh lathe will loast for 3 years. What is the equivaelnt annual cost of the tool?

What is the equivalent annual cost.

Reference no: EM13284441

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