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A precision lathe costs $12,000 and will cost $30,000 a year to operate and maintain....

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Finance

A precision lathe costs $12,000 and will cost $30,000 a year to operate and maintain. If the discount rate is 14% and the lathe will last for 5 years, what is the equivalent annual cost of the tool? (Enter your answer as positive value. Round your answer to the nearest cent.)

The equivalent annual cost $

pk-lease give me the answer now I have to post the answer pleaseeeee

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