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8.17 A CNC lathe costs $50,000 to purchase. Its expected useful life is 10 years, and T salvage value islikely to be 10% of the

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8.17 A CNC lathe costs $50,000 to purchase. Its expected useful life is 10 years, and T salvage value islikely to be 10% of the initial cost. The annual operating cost will be $800. The first-year maintenance cost is estimated to be $700, increas ing each year by $300. Determine AW s for an annual interest rate of 12% com- pounded twice a year

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