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Suppose the tax life of a business machine is 5 years and its purchase price is 20,000 . Suppose also that the annual depreciation rate

Suppose the tax life of a business machine is 5 years and its purchase price is 20,000 . Suppose also that the annual depreciation rate is 10% and the corporate income tax rate is 20%.

How much will this machine really cost to the company if the interest rate is 5%?

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