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A machine has a first cost of $100,000, an annual operation and maintenance cost of $4000, a life of 8 years, and a salvage value
A machine has a first cost of $100,000, an annual operation and maintenance cost of $4000, a life of 8 years, and a salvage value of $20,000. At the end of Year 4, it requires a major service, which costs $10,000. If the annual interest rate is 8%, what is the equivalent uniform annual cost of owning and operating this particular machine?
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