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Max-Heat Furnaces cost $400 to purchase and results in an electricity bill of $170 per year. The Max-Heat Furnaces lasts for 4 years. The discount

Max-Heat Furnaces cost $400 to purchase and results in an electricity bill of $170 per year. The Max-Heat Furnaces lasts for 4 years. The discount rate is 17%. What is the equivalent annual cost?

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