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Please show how to get this answer step by step. I got lucky and got it right, but I want to understand how to get
Please show how to get this answer step by step. I got lucky and got it right, but I want to understand how to get the answer. Thank you
A company is considering a new piece of equipment for a project lasting 10 years with details as shown below. The costs and benefits are expected to keep increasing with the inflation rate even when a new machine is put into operation. Taking these into account, what is the annual worth that the company can expect from the machine? $145,000 Initial cost MARR Inflation rate Life Project life Machine value today with life of 3 years Machine value today with life of 7 years First year costs First year benefits 18%? ? ? ? 496p ? ?? 7years 10years $64,500 $33,500 $62,200 $96,800 Selected Answer: $985 $3,260 $2,969 $1,779 $985 Answers A company is considering a new piece of equipment for a project lasting 10 years with details as shown below. The costs and benefits are expected to keep increasing with the inflation rate even when a new machine is put into operation. Taking these into account, what is the annual worth that the company can expect from the machine? $145,000 Initial cost MARR Inflation rate Life Project life Machine value today with life of 3 years Machine value today with life of 7 years First year costs First year benefits 18%? ? ? ? 496p ? ?? 7years 10years $64,500 $33,500 $62,200 $96,800 Selected Answer: $985 $3,260 $2,969 $1,779 $985 AnswersStep by Step Solution
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