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a Remington Mills Corporation is considering two alternative machines. Machine A has a useful life of five years and a total present value of costs

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a Remington Mills Corporation is considering two alternative machines. Machine A has a useful life of five years and a total present value of costs over its entire life (TC) of $4,103.751. Machine B has a useful life of six years and a TC of $4,386,148. The project's cost of capital is 11%. Assuming the project for which the machine will be used is profitable, what is the equivalent annual cost (EAC) of the preferred machine? Please click on the following link to access a blank Excel-type worksheet: Blank XLS Worksheet.xls Click to open: O $998.421.27 $1,041.364.98 $1,036.782.59 0 $1,110,353.18

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