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The equivalent uniform annual cost per machine

Levi Strauss has some of its jeans stone-washed under a contract with independent U.S. Garment Corp. Their operating cost per machine is $22,000 for year 1 and it increases by $1000 per year through year 5. The equivalent uniform annual cost per machine (years 1-5) at an interest rate of 8% per year is?

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Business Economics, Economics

Category:- Business Economics
Reference No.:- M928302

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