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Calculate the present worth of all costs for a newly acquired machine with an initial...

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Accounting

Calculate the present worth of all costs for a newly acquired machine with an initial cost of $24,000, no trade-in value, a life of 11 years, and an annual operating cost of $16,000 for the first 6 years, increasing by 10% per year thereafter. Use an interest rate of 10% per year.

The present worth of all costs for a newly acquired machine is determined to be $_________ .

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