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What is the present worth cost in the beginning of 2020 dollars using a real rate of return of 9.0% of a machine costing 140,000

What is the present worth cost in the beginning of 2020 dollars using a real rate of return of 9.0% of a machine costing 140,000 based on the forecasted actual costs in each year of operation stated in those period dollar amounts is as shown below and the assumed inflation used in preparing the estimates is 20.5%.

Operating Cost

2020

Operating Cost

2021

Operating Cost

2022

Operating Cost

2023

Operating Cost

2024

Operating Cost

2025

8,000 12,400 15,600 20,500 23,800 19,800

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