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Calculate the present worth of all costs for a newly acquired machine with an initial cost of $34,000, no trade-in value, a life of 15.00
Calculate the present worth of all costs for a newly acquired machine with an initial cost of $34,000, no trade-in value, a life of 15.00 years, and an annual operating cost of $14,000 for the first 4.000 years, increasing by 10% per year thereafter. Use an interest rate of 10% per year. (Round the final answer to three decimal places.) The present worth of all costs for a newly acquired machine is determined to be $
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