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An machine costs $300,000. today and has a life of 5 years. At the end of the five years, this machine can be sold to
An machine costs $300,000. today and has a life of 5 years. At the end of the five years, this machine can be sold to the open market with a salvage value of $100,000. If the effective annual interest rate is 12%, how much will it have to save every year in order to recover the initial capital investment?
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