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Economic A frozen yogurt shop is considering purchasing 4 new machines to offer their customers a larger variety of flavors. Each machine will cost $30,000

Economic

A frozen yogurt shop is considering purchasing 4 new machines to offer their customers a larger variety of flavors. Each machine will cost $30,000 and has an annual operating and maintenance cost of $8,000. The salvage value of each machine is $5,000 after 10 years. What is the equivalent annual cost for the frozen yogurt shop? (MAAR = 5%)

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