Question
The initial cost of a machine is $727,000 with annual operating costs of $39,600. Each machine has a life of five years before it is
The initial cost of a machine is $727,000 with annual operating costs of $39,600. Each machine has a life of five years before it is replaced. Ignore taxes. What is the equivalent annual cost (EAC) of this machine if the required return is 16 percent?
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$237,750.85
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$268,411.15
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$261,632.62
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$240,600.00
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$289,038.11
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Problems In State High School Finance
Authors: Julian Edward Butterworth
1st Edition
0554798298, 9780554798295
