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Assume the NPV for a machine's total cost over 8 years is -$5,000. If the discount rate is 12%, what will be the equivalent annual

Assume the NPV for a machine's total cost over 8 years is -$5,000. If the discount rate is 12%, what will be the equivalent annual cost (EAC) in this case?

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-$1,387.05

-$1,006.51

-$937.22

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