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Ron uses specialized saws for his woodworking. One saw costs $249,000 and lasts about 15 years before it needs to be replaced. The annual operating
Ron uses specialized saws for his woodworking. One saw costs $249,000 and lasts about 15 years before it needs to be replaced. The annual operating cost per saw is $34,300. What is the equivalent annual cost of a saw if the required rate of return is 14 percent?
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