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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 212380 $ and has no salvage value. The machine has a 14 % internal rate of return. Ignore income taxes. What are the annual cost savings promised by the machine? round your intermediate calculations and final answer to the nearest whole dollar amount.
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