Give me correct answer with explanation.jDon't upload any image please You are operating an old machine that is expected to produce a cash inflow of $6,700 in each of the next 3 years before it fails. Youcan replace it now with a new machine that costs $21,700 but is much more efficient and will provide a cash flow of $12,550 a year for4 years.Calculate the equivalent annual cost of the new machine if the discount rate is 14%.Note: Do not round intermediate calculations. Round your answer to 2 decimal places.

The equivalent annual cost can be used to calculate the cost. It assists in comparing the annual…

Answered: Calculate the equivalent annual cost of…

Calculate the equivalent annual cost of the new machine if the discount rate is 14%. Note: Do not round intermediate calculations. Round your answer to 2 decimal places.

Essentials Of Investments

11th Edition

ISBN:9781260013924

Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Chapter1: Investments: Background And Issues

Section: Chapter Questions

Problem 1PS

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Give me correct answer with explanation.j

Don't upload any image please

You are operating an old machine that is expected to produce a cash inflow of $6,700 in each of the next 3 years before it fails. You
can replace it now with a new machine that costs $21,700 but is much more efficient and will provide a cash flow of $12,550 a year for
4 years.
Calculate the equivalent annual cost of the new machine if the discount rate is 14%.
Note: Do not round intermediate calculations. Round your answer to 2 decimal places.

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AutoSave Off H Document2 - Word P Search (Alt+Q) Sign in File Design References Mailings Review View Help Grammarly Picture Format P Comments A Share Home Insert Draw Layout P Find - - A A Aa v A = - E - E G Times New Roman v 12 Normal No Spacing Heading 1 Replace = = 1E v Editor Open Grammarly Paste BIU I U v - 2. A - ab x, x' A . A Select v Undo Clipboard a Font Paragraph Styles Editing Editor Grammarly a. At the beginning of the year, Addison Company's assets are $200,000 and its equity is $150,000. During the year, assets increase $80,000 and liabilities increase $46,000. What is the equity at year-end? Assets Liabilities Equity Beginning $ 200,000 = 150,000 Change 80,000 = 46,000 + Ending Page 1 of 1 O words Text Predictions: On * Accessibility: Good to go O Focus 110% 9:58 PM P Type here to search 49°F 3/20/2022 近

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