A precision lathe costs 18000 and will cost 28000 a year to, Ask an Expert

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A precision lathe costs $18,000 and will cost $28,000 a year to operate and maintain. If the discount rate is 15% and the lathe will last for 4 years, what is the equivalent annual cost of the tool? (Do not round intermediate calculations. Round your answer to 2 decimal places. Enter your answer as a positive value.)

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Financial Management, Finance

Category:- Financial Management
Reference No.:- M92702724

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