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A machine that costs $ 2 0 , 0 0 0 today has annual operating costs of $ 1 , 5 0 0 , $

A machine that costs $20,000 today has annual operating costs of $1,500, $1,600, $1,700, and $1,800 in each of the next 4 years. The discount rate is 10%. The PV of costs is ____ and the equivalent annual annuity is ______.

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