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6. A machine is purchased for $110,000. Life is 10 years with a $15,000 salvage. The machine is expensed at the end of the first

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6. A machine is purchased for $110,000. Life is 10 years with a $15,000 salvage. The machine is expensed at the end of the first year. MARR is 12%, and the tax rate is 38% Cash operating costs are $4100 per year. Calculate the annual revenue requirements. Assume it is sold in 10 years for $15,000

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