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ABC Inc uses custom machines to produce parts for other firms. The initial cost of one customized machine is $780,000. This machine costs $15,000 a
ABC Inc uses custom machines to produce parts for other firms. The initial cost of one customized machine is $780,000. This machine costs $15,000 a year to operate. Each machine has a life of 3 years before it is replaced. What is the Equivalent Annual Cost of each machine if the required return is 10%? Enter your answer in dollars, with a positive sign, and to two decimal places.
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