What is the capital recovery cost for a machine costing $725,760 with a life of...
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Finance
What is the capital recovery cost for a machine costing $725,760 with a life of 15 years and a salvage value of 11% of the initial cost? The rate used by the firm is 12% per year compounded daily.
Group of answer choices
$73,871
$74,706
$87,136
$108,828
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