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CCC purchases a machine for $100,000 that has an expected useful life of 10 years and a salvage value of $10.000. If the operation and

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CCC purchases a machine for $100,000 that has an expected useful life of 10 years and a salvage value of $10.000. If the operation and maintenance costs are estimated to be $5000 per year over the machine's life. and assuming an interest rate of 10% per year, the annual equivalent cost of owning the machine is most nearly (Include answer, diagram, procedure, and result) $16.000 O $17.000 $21.000 0 $40.000

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