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What is the initial cost of a machine with a life of 8 years that has a salvage value of $99,500 and a capital recovery

What is the initial cost of a machine with a life of 8 years that has a salvage value of $99,500 and a capital recovery cost of $65,000 per year? The firm uses a rate of 7% per year compounded quarterly. Possible answers: $333,745, $442,465, $567,937, or $719,566

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