Question
) A precision lathe costs $24,000 and will cost $34,000 a year to operate and maintain. If the discount rate is 16% and the lathe
)
| A precision lathe costs $24,000 and will cost $34,000 a year to operate and maintain. If the discount rate is 16% and the lathe will last for 4 years, what is the equivalent annual cost of the tool? (Do not round intermediate calculations. Round your answer to 2 decimal places. Enter your answer as a positive value.) |
| Equivalent annual cost | $ |
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Robonomics Prepare Today For The Jobless Economy Of Tomorrow
Authors: John Crews
1st Edition
1530910463, 978-1530910465
