Given the two machines' data Machine A Machine B First Cost P8,000.00 P14,000.00 Salvage value 2,000.00 Annual operation 3,000.00 2,400.00 Annual maintenance 1,200.00 1,000.00 Taxes and insurance 3% 3% Life, years 10 15 Money is worth at least 16%. What is the exact rate of return? ANSWER: Blank 1 Blank 1 Add your answer
Given the two machines' data Machine A Machine B First Cost P8,000.00 P14,000.00 Salvage value 2,000.00 Annual operation 3,000.00 2,400.00 Annual maintenance 1,200.00 1,000.00 Taxes and insurance 3% 3% Life, years 10 15 Money is worth at least 16%. What is the exact rate of return? ANSWER: Blank 1 Blank 1 Add your answer
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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need answer in 15 mins sorry for rushing :(

Transcribed Image Text:Given the two machines' data
Machine A
Machine B
First Cost
P8,000.00
P14,000.00
Salvage value
2,000.00
Annual operation
3,000.00
2,400.00
Annual maintenance
1,200.00
1,000.00
Taxes and insurance
3%
3%
Life, years
10
15
Money is worth at least 16%. What is the exact rate of return?
ANSWER: Blank 1
Blank 1
Add your answer
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