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The rental cost of a piece of equipment is $ 6 0 per hour. Given the below information for the ownership costs, calculate the maximum

The rental cost of a piece of equipment is $60 per hour. Given the below information for the ownership costs, calculate the maximum cost of this equipment for which ownership makes sense. Assume that this piece of equipment will be 70% efficient and you want a 15% profit from this deal. Salvage value is $7,000 after a useful life of 15,000 hours. Use the table below to help calculate your answer.

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