Question
The net present value of the costs of operating a machine for the next three years is $10,724 at a cost of capital of 15%.
The net present value of the costs of operating a machine for the next three years is $10,724 at a cost of capital of 15%. What is the equivalent annual cost of operating the machine?
A $4,697
B $3,575
C $4,111
D $3,109
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National Finance A Chinese Perspective
Authors: Yunxian Chen, Heming Yong
1st Edition
9813360917, 978-9813360914
