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Question 21 10 pts You are considering the purchase of a new industrial pump that you will use for three years, and it will cost

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Question 21 10 pts You are considering the purchase of a new industrial pump that you will use for three years, and it will cost you $40,000 to buy. It will be depreciated using the 3-year MACRS schedule (.33, 45,.15.07 are the factors) and will be sold at the end of the third year for $8,000. It will also require 3,000 each year in maintenance. If your tax rate is 25% and your cost of capital is 10%, what is the equivalent annual payment for this machine? HTML Editor = = m = x = T x 12pt = - = Paragraph

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