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A new machine costs $15,000 to buy and will cost $19,000 a year to operate and maintain. If the discount rate is 10% and the

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A new machine costs $15,000 to buy and will cost $19,000 a year to operate and maintain. If the discount rate is 10% and the machine will last for 6 years, what is the equivalent annual cost of the machine? $22,444 $22,774 $23,556 $21,114

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