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Please help! What is the equivalent annual cost of a piece of equipment that requires an initial investment of $52,600, is expected to last 6

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What is the equivalent annual cost of a piece of equipment that requires an initial investment of $52,600, is expected to last 6 years, and requires annual maintenance costs of $3,670 if the appropriate discount rate is 8.8 percent? The equivalent annual cost is $. (Round to the nearest cent.)

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