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A machine is purchased for $70,000 and costs $25,000peryearin electrical and maintenance costs. The estimated life is 8 years and interest is at 4% compound.
A machine is purchased for $70,000 and costs $25,000peryearin electrical and
maintenance costs. The estimated life is 8 years and interest is at 4% compound.
What is the total annual cost of this machine?
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Analysis for Financial Management
Authors: Robert C. Higgins
10th edition
007803468X, 978-0078034688
