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You are the financial manager of a firm that operates a large machine park. You are thinking of buying a new machine that requires an

You are the financial manager of a firm that operates a large machine park. You are thinking of buying a new machine that requires an initial investment of $150,000, that costs $60,000 at the end of every year to operate, and that is expected to last for 5 years. Assume an interest rate of 8% per year. What is the EAA of this machine? Answer in dollars with 2 decimals.

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