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help 219050 Answer Question 21 (3 points) A company is evaluating a machine. The machine costs $260,000, has a three-year life, and has pretax operating
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219050 Answer Question 21 (3 points) A company is evaluating a machine. The machine costs $260,000, has a three-year life, and has pretax operating costs of $64.000 per year. The cost of the machine will be depreciated to zero over the project's life. The machine will be sold for $40,000 at the end of the project's life. If the tax rate is 22 percent and the discount rate is 10 percent, what is the equivalent annual cost for this machine? Enter the equivalent annual cost as a positive number and enter your answer as dollars with 2 digits to the right of the decimal point in the box shown below. Your Answer: Answer Question 22 (3 points)Step by Step Solution
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