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A machine costs $80,000, and requires $20,000 in maintenance annually over its three-year life. After three years, the salvage value will be zero. The machine

A machine costs $80,000, and requires $20,000 in maintenance annually over its three-year life. After three years, the salvage value will be zero. The machine has a CCA rate of 30%. Assuming a tax rate of 34% and a discount rate of 10%, what is the equipment's equivalent annual cost?

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