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A store needs to decide whether to purchase a high-quality printer for its office or one of lesser quality. The high-quality printer costs $50 000
A store needs to decide whether to purchase a high-quality printer for its office or one of lesser quality. The high-quality printer costs $50 000 and should last five years. The lesser quality printer costs $35 000 and should last three years. If the cost of capital for the company is 10 per cent, then what is the equivalent annual cost for the best choice for store?
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