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Renegade Industries is considering the purchase of a new machine for the production of latex, Machine A costs $3,08 million and will last for six

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Renegade Industries is considering the purchase of a new machine for the production of latex, Machine A costs $3,08 million and will last for six years. Variable costs are 30% of sales, and fixed costs are $1.951,094 per year. Machine B costs $4.95 million and will last for nine years. Variable costs for this machine am 21% of sales and fond costs are $1.370,378 per year. The sales for each machine will be $10.7 million per year. The required return is 11 % and the tax rate is 38%. Both machines will be depreciated on a straight-line basis. The company plans to replace the machine when it wears out on a perpetual bash. Calculate the EAC tot machine A Round answer to 2 decimal places. Do nat round intermediate calculation

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