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Your firm is evaluating two different pieces of equipment. The first piece of equipment, nicknamed The Ninja costs $96,000, has a 5- year life, and

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Your firm is evaluating two different pieces of equipment. The first piece of equipment, nicknamed "The Ninja" costs $96,000, has a 5- year life, and costs $8,800 per year to operate. The relevant discount rate is 14 percent. Assume that the straight-line depreciation method is used and that the equipment is fully depreciated to zero. Furthermore, assume the equipment has a salvage value of $19,000 at the end of the project's life. The relevant tax rate is 34 percent. All cash flows occur at the end of the year. What is the EAC of "The Ninja? (Your answer should be a negative value and indicated by a minus sign. Do not round intermediate calculations and round your answer to 2 decimal places, e.g. 32.16.) EAC $

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