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A company is considering purchasing $55,000 of music recording equipment. The equipment has a market resale value of $3,000 and is expected to be used

A company is considering purchasing $55,000 of music recording equipment. The equipment has a market resale value of $3,000 and is expected to be used over the next four years. Net Income after taxes is estimated to be $4,200. The company's required rate of return is 10% and the company uses the straight-line method. The tax rate is 40%.

How much is the ARR?

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