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The equipment below is required for your business. Assume it will be replaced as it wears...

The equipment below is required for your business. Assume it will be replaced as it wears out. The required return is 15%. Ignore taxes. Machine: Initial cost = $200,000, Operating Cost per year = 15,000, Life = 8 yrs. What is the equivalent annual cost (EAC) of machine?

Select one: A. -$301,664 B. -$201,676 C. -$48,163 D. -$59,570 E. -$22,437

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