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Camila, Incorporated, uses high-tech equipment to produce specialized products. Each one of its machines costs $55,000 to purchase plus an additional $6,500 per year to

Camila, Incorporated, uses high-tech equipment to produce specialized products. Each one of its machines costs $55,000 to purchase plus an additional $6,500 per year to operate. The machines have a four-year life after which they are worthless. What is the equivalent annual cost of one of these machines if the required return is 12 percent

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