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Ajax Corporation is considering purchasing a machine with a useful life of 5 years and costs $45,000. The machine has annual maintenance costs of $1,000.

Ajax Corporation is considering purchasing a machine with a useful life of 5 years and costs $45,000. The machine has annual maintenance costs of $1,000. Given a rate of 10%, calculate the machines EAC.

Multiple Choice

  • $12,871

  • $13,671

  • $13,271

  • $12,071

  • $12,471

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