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Q2: The repair and maintenance cost of a machine is $50,000 per year for the first five years. The cost increases by 10% per year

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Q2: The repair and maintenance cost of a machine is $50,000 per year for the first five years. The cost increases by 10% per year thereafter for the next five years. Use i =12% per year to determine the total annual worth for all these cash flows. [ 4 marks]

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