What is the minimum required annual savings in labor

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A machine costing $35,000 to buy and $4,000 per year to operate will save mainly labor expenses in packaging over six years. The anticipated salvage value of the machine at the end of the six years is $5,000. To receive a 12% return on investment (rate of return), what is the minimum required annual savings in labor from this machine?

Reference no: EM13832616

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