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Crush Autosmashers can purchase a new electromagnet for moving cars at a cost of $20,000. At the end of its useful life, the electromagnet will

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Crush Autosmashers can purchase a new electromagnet for moving cars at a cost of $20,000. At the end of its useful life, the electromagnet will be worth $1,000. If Crush's MARR is 12 percent/year, how many years must the electromagnet last so that its capital recovery cost will be $3,000/year or less

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