Question
A precision lathe costs $11,800 and will cost $29,000 a year to operate and maintain. If the discount rate is 12% and the lathe will
A precision lathe costs $11,800 and will cost $29,000 a year to operate and maintain. If the discount rate is 12% and the lathe will last for 6 years, what is the equivalent annual cost of the tool?(Enter your answer as positive value. Round your answer to the nearest cent
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CFIN
Authors: Scott Besley, Eugene Brigham
5th edition
1305661656, 9781305888036 , 978-1305666870
