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Please Show formulas used and steps A new machine can be purchased today for $450,000. The annual revenue from the machine is calculated to be

Please Show formulas used and steps

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A new machine can be purchased today for $450,000. The annual revenue from the machine is calculated to be $72,000, and the equipment will last 10 years. Expect the maintenance and operat- ing costs to be $4500 a year and to increase $750 per year. The salvage value of the machine will be $35,000. What is the rate of return for this machine

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