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please show step by step and organized.no excel file please 3. A machine is purchased for $70,000. Life is 10 years with a $10,000 salvage.

please show step by step and organized.no excel file please

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3. A machine is purchased for $70,000. Life is 10 years with a $10,000 salvage. MAARR is 10%, and the tax rate is 50%. Cash operating costs are $4500 per year. Five year SL depreciation will be used. Calculate the annual equivalent revenue requirements for this machine. ANS

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