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You are thinking about purchasing a self-propelled sprayer for $80,00. its expected salvage value after 12 years is $30,000. assume the farm's cost capital is

You are thinking about purchasing a self-propelled sprayer for $80,00. its expected salvage value after 12 years is $30,000. assume the farm's cost capital is 8.2% throughout. calculate the average interest cost over the life of the asset.

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