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Hi Corporation is considering the purchase of a machine that promises to reduce operating costs by the same amount for every year of its 6
Hi Corporation is considering the purchase of a machine that promises to reduce operating costs by the same amount for every year of its 6 year useful life. The machine will cost $211180 and has no salvage value. The machine has a 14% internal rate of return (gnore Income taxes.) Click here to view Exhibit 1484 and Ex 140.2to determine the appropriate discount factors) using the tables provided Required: What are the annual cost savings promised by the machine? (Round your intermediate calculations and final answer to the nearest whole dollar amount.) Anunt cost savings
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