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A new medical instrument costs $ 5 0 , 0 0 0 . Operating, maintenance, and repair costs are $ 1 0 , 0 0

A new medical instrument costs $50,000. Operating, maintenance, and repair costs are $10,000 for the first year, $25,000 for the second year, $40,000 for the third year, and $55,000 for the fourth year. The minimum attractive rate of return is 10%. If the medical instrument is kept for four years, the annual net equivalent cost is most nearly
A. $10,000
B. $12,500
C. $45,000
D. $46,500
Clear selection
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