Question
What is the present cost of a machine that has an initial cost $45,000, an annual benefit of $6,000, an annual maintenance cost of $3.000,
What is the present cost of a machine that has an initial cost $45,000, an annual benefit of $6,000, an annual maintenance cost of $3.000, salvage value of $7,000, and useful life of 8 years? Assume a 10% interest rate.
A) $6,279
B) $8,349
C) $25729
D) $32,260
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Foundations of Financial Management
Authors: Stanley Block, Geoffrey Hirt, Bartley Danielsen
15th edition
77861612, 1259194078, 978-0077861612, 978-1259194078
