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What is the capital recovery cost for a machine costing $504,000 with a life of 9 years and a salvage value of 17% of the
What is the capital recovery cost for a machine costing $504,000 with a life of 9 years and a salvage value of 17% of the initial cost? The rate used by the firm is 8% per year compounded quarterly. Possible answers: $73,871, $74,706, $87,136, or $108,748
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