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A piece of equipment is purchased for $42,000. It is expected to last 7 years and has a salvage value of $10,000. At i-7%, what

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A piece of equipment is purchased for $42,000. It is expected to last 7 years and has a salvage value of $10,000. At i-7%, what is the annual capital cost of that piece of equipment? $7.207.60 $5,937.70 $6,507.60 $6,637.70

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