Solution-What is the equivalent annual cost of the tool

What is the equivalent annual cost of the tool

Reference no: EM132698092

A precision lathe costs $11,800 and will cost $29,000 a year to operate and maintain. If the discount rate is 12% and the lathe will last for 6 years, what is the equivalent annual cost of the tool? (Enter your answer as positive value. Round your answer to the nearest cent

Reference no: EM132698092

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What is the equivalent annual cost of the tool

Reference no: EM132698092

Reference no: EM132698092

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