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A machine costs $19370 and is expected to have a scrap value of $2991 whenever it is retired. Operating and Maintenance costs are $1876 for

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A machine costs $19370 and is expected to have a scrap value of $2991 whenever it is retired. Operating and Maintenance costs are $1876 for the first year and expected to increase by $1346 thereafter. If the MARR is 13% determine the minimum equivalent uniform annual cost associated with the optimal economic life of the machine. The service life of this machine is 5 years. Note: round your answer to two decimal places, and do not include spaces, currency signs, plus or minus signs, nor commas. You Answered 17067.8000 Correct Answer 9286.72 margin of error +/-100.0

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