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A company buys a color printer that will cost $12,000 to buy, and last 5 years. It is assumed that it will require servicing costing

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A company buys a color printer that will cost $12,000 to buy, and last 5 years. It is assumed that it will require servicing costing $500 each year. What is the equivalent annual annuity of this deal, given a cost of capital of 8%? Hint: This is an expense, not an income. 0-$3505 O-$4507 O -$3155 0-$4057

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