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PLEASE ANSWER ASAP thank you A precision lathe costs $11,400 and will cost $27,000 a year to operate and maintain. If the discount rate is

PLEASE ANSWER ASAP thank you

A precision lathe costs $11,400 and will cost $27,000 a year to operate and maintain. If the discount rate is 13% and the lathe will last for 5 years, what is the equivalent annual cost of the tool? (Enter your answer as positive value. Round your answer to 2 decimal places.)

The equivalent annual cost $

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