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Tough Ltd. produces different pieces of furniture. A set of electric drills used in the production of furniture wears out rapidly, after which the firm

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Tough Ltd. produces different pieces of furniture. A set of electric drills used in the production of furniture wears out rapidly, after which the firm scraps them with no recovery value. Calculate the EAC Capital of a set of electric drills if the firm buys the set for $6500 and uses it for 6 years. Assume an annual interest rate of 9%

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