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A Sports ABC Company uses high-tech equipment to produce specialized products. Each one of its machines com $1,250,000 to purchase plus an additional $78.000 year

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A Sports ABC Company uses high-tech equipment to produce specialized products. Each one of its machines com $1,250,000 to purchase plus an additional $78.000 year to operate. The machines have a five year life after which they are worthless What is the equivalent annual cost of these machines if the required return is 10 percent

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