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Ajax Corporation would like to purchase a machine for $375,000. The machine has a life of 10 years. The company estimates that the salvage value

Ajax Corporation would like to purchase a machine for $375,000. The machine has a life of 10 years. The company estimates that the salvage value will be 6% of the initialmachine cost. If other operating costs are estimated to be $32,500 for the first year and increase by 10% each year, what are (a) the capital recovery cost and (b) the equivalent uniform annual cost (EUAC)? The interest rate that the company uses to justify their investments is 18% per year compounded yearly.
please show the work in excel

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