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Sweet Cheeses needs a new refrigerated storage unit in its manufacturing facility. It will cost $129,000 to purchase today and then $16,000 at the end
Sweet Cheeses needs a new refrigerated storage unit in its manufacturing facility. It will cost $129,000 to purchase today and then $16,000 at the end of each year to operate and maintain. If the unit lasts 13 years, what is the equivalent annual cost? Assume a cost of capital of 11.2%.
Positive number rounded to 2 decimal places.
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