A new machine was bought for $9,000 with a life of six years and no salvage value

Question:

A new machine was bought for $9,000 with a life of six years and no . Its annual operating costs were as follows:
$7,000, $7,350, $7,717.50,..., $8,933.97.
If the = 12%, what was the annual equivalent cost of the machine?
(a) $7,809
(b) $41,106
(c) $9,998
(d) $2,190
(e) $9,895
Salvage Value
Salvage value is the estimated book value of an asset after depreciation is complete, based on what a company expects to receive in exchange for the asset at the end of its useful life. As such, an asset’s estimated salvage value is an important... MARR
Minimum Acceptable Rate of Return (MARR), or hurdle rate is the minimum rate of return on a project a manager or company is willing to accept before starting a project, given its risk and the opportunity cost of forgoing other...