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An equipment cost $ 8 0 , 0 0 0 initially. The market value has been declining at the rate of $ 1 5 ,

An equipment cost $80,000 initially. The market value has been declining at the rate of $15,000
yearly. The O&M costs in year 1 were $10,000 and have been increasing by $2,000 from year 2.
Determine the minimum cost life of this equipment for a MARR of 10%.
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