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just need answer please, no need to show work! A precision lathe costs $10,400 and will cost $22,000 a year to operate and maintain. If

just need answer please, no need to show work! image text in transcribed
A precision lathe costs $10,400 and will cost $22,000 a year to operate and maintain. If the discount rate is 13% and the lathe will last for 4 years, what is the equivalent annual cost of the tool? (Enter your answer as positive value. Round your answer to the nearest cent.) The equivalent annual cost S

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