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Jackson amp; Sons uses packing machines to prepare its products for shipping. One machine costs $178,000 and lasts about 5 years before it needs replaced.

Jackson amp; Sons uses packing machines to prepare its products for shipping. One machine costs

$178,000 and lasts about 5 years before it needs replaced. The operating cost per machine is $16,000

a year. What is the equivalent annual cost of one machine if the required rate of return is 12 percent?

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