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Austin Central Energy has just purchased a generating unit with a 15-year life. The unit comes with a two-year warranty. Once the warranty expires, repair

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Austin Central Energy has just purchased a generating unit with a 15-year life. The unit comes with a two-year warranty. Once the warranty expires, repair costs are expected to average $3500 per year. Find the AEC for the repair costs over the entire 15-year life of the generating unit. The interest rate is 6%

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